This is particularly true if we look at the broader picture.

All fiat currencies are doomed, as they have no value apart from that given to them by govt decree. On the other hand, cryptocurrencies and precious metals have much greater value, based on their rarity, practicality, and so on.

Gold and silver are breaking out of their long suppression / bear markets, and their prices are starting to skyrocket. The same will happen with Bitcoin, Steem, and those other cryptocurrencies that offer a viable and valuable alternative to the fraud that is fiat currency.

The bulls are ready to run.