What the hell is happening to cryptocurrency valuations?

What the hell is happening to cryptocurrency valuations?

 The total market cap for all cryptocurrencies just surpassed $100 billion. The vast majority of these gains have come in just the last few months — on April 1st the total market cap was just over $25 billion — representing a 300 percent increase in value in just over 60 days. Read More

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What the hell is happening to cryptocurrency valuations?