The cryptocurrency market reached the mind-blowing two trillion US dollars market cap in this past week. This occurred after a number of altcoins went bullish and shifted the overall market. The big surprise was Ripple, which rallied with some 60% for about seven days.
According to data by Coinmarketcap the total value of the crypto industry reached its peak, $2 trillion on April 5th. XRP has not been this high since may 2018, on April 5th it was trading for 0.93 USD, but today its price is already 1.47USD.
The Bitcoin current market cap hovers around 1.1 trillion US dollars, so it remains the biggest crypto in the world. Bitcoin is followed by Ethereum, which reached 2150 USD price per coin after increased demand from institutional and retail investors.
XRP, which had significant problems only a few months ago, after SEC filed a lawsuit for over a billion US dollars against Ripple Labs, is the sixth largest crypto in the world, after its market cap reached 40 billion, more than Litecoin, Uniswap, and Cardano.
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The way the market has developed is absolutely incredible, I think. I wonder where it will be in another ten years.

Amazing indeed! I may be wrong, but the reason could be that the FX market is dead boring, Indices are, well, a little bit better, and thus people maybe looking for thrills a volatile market that "promises" big bucks and huge moves.

I was wondering whether there was something like that going on.

With Bitcoin's crash the market cap must've been reduced considerably now.

Does anyone know what's happening with Facebook's plans to issue a stablecoin, whatever it will be called?