Market Update: Bitcoin's recent surge has sparked a rally in altcoins, with Ethereum and Litecoin leading the charge. The price of Bitcoin has broken above the 200-day moving average, a key bullish indicator. With the market showing signs of strength, now may be a good time to re-enter or add to long positions. However, traders should remain cautious and set stop-losses to mitigate potential risks.

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bitcoin surge boosts altcoins; ethereum, litecoin lead charge, btc breaks 200d MA, market strong, consider re-entering with caution, set stop-losses