Geopolitical tensions, Institutional adoption, and non-transitory inflation contribute to several things in the world right now. Those things have been primarily bummers. An upward trend in cryptocurrency valuation is a harmonious note in an otherwise dissonant symphony.
Stop all the poetry; tell us about the numbers.
The surge may represent the beginning of decoupling between equities and crypto. Cryptos are volatile, but as companies seek to offer more stablecoins, highly valued cryptos, like bitcoin, provide a volatility-reducing reserve. As more companies like Terra use bitcoin to stabilize their currency, bitcoin's value goes up.