At the moment of writing, total crypto market capitalization was $765,977,196,526, or just above three quarters of a trillion.
At the end of the year, total market cap was $612 billion, so that means in just 4 days, crypto market cap gained $153 billion.
Stop for a while to ponder this (and I'm not telling it in a "struck with awe" way, but rather in a "what the fuck is going on?" way).
A look at the Bitcoin dominance, or the distribution, gives a bit more insight:
The biggest growth came from Others alts and Ripple. Bitcoin has less than one third market domination now.
While I'm moderately happy to see alts thriving (or at least creeping into Bitcoin territory) the fact that a non-decentralized crypto currency, used mostly by banks, gained so much influence in so little time, worries me a little.
Even the name is creepy, if you think at it: if something goes wrong, that can send endless "Ripples" to the most remote corners of the financial system. Stellar is not semantically far too: if something goes wrong, we may see a "Stellar" clusterfuck.
I may be just overly cautious here, but I'm telling you: something is very intriguing these days in the cryptoland.
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