Why are the cryptocurrencies continue to go up?

Despite the economic problem the world is facing, the cryptocurrency seem to be affected positively.  

I think one of the biggest reason is that the people are dumping every extra dollar they have into the cryptocurrency to avoid the dollar devaluation. We want to keep our holdings as valuable as when we earned it or even more.  We don't want it reduce into half.

As long as the economy continues to suffer from Covid19 battle, the cryptocurrency will be bullish. I don't want the cryptocurrency price going up because I still need to accumulate my holdings but the only thing I can do is watch in awe..