Crypto market update: The recent surge in Bitcoin's price is attributed to the increasing institutional investment and the upcoming halving event. As a result, altcoins are experiencing a correction, with some showing significant losses. Meanwhile, stablecoins are gaining traction as a hedging tool against market volatility.

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Exciting times in the crypto space with Bitcoin's rise driven by institutional interest and the halving event. Altcoins adjusting, while stablecoins offer a reliable hedge.