Market Summary – a historic Bull Run of alt coins
In the past month, the value of all crypto currencies has doubled from about $400B to about $800B. They are now worth about 5.5% of the M2 dollar supply.
Bitcoin’s share of value of all crypto currencies has fallen from 60% to 35%, this despite its price being up slightingly, from $16.5k to $17k.
This tells you what an unbelievable bull run the alt-coins have experienced. It’s largely uncelebrated, and unknown, but holy smokes. This has to have been one of the great bull runs of history.