Bitcoin's recent surge above $55,000 signals a potential end to its consolidation phase. The renewed momentum is largely driven by institutional investment, with Grayscale's Bitcoin Trust reaching a new record high. As the market sentiment turns bullish, we expect altcoins to follow suit, with Ethereum and other top performers likely to lead the charge.

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Institutional investment is a key factor in Bitcoin's recent price surge. I'm curious to see how this will affect altcoin markets, especially in light of Ethereum's potential to benefit from increased DeFi adoption.