What A Day For Crypto :O Steem at $3.46 on Bittrex

Everything's green! All top 50 cryptocurrencies gained value in the last 24H.

You can see it here: https://www.livecoinwatch.com/

But what is more interestng for me - STEEM price also went up and is already at $3.46 on @bittrex. Just take a look at the chart:

To be honest I don't fully understand what is happening. Why so much money is floating into crypto world? Is the traditional financial world buying every crypto coin they can find because they now understand, that this is the future? Or a huge fiat currency crisis is closer than we think and they're trying to sell as much worthless money as they can - and they need to exchange it for something? This is really puzzling...