Throughout the month of March, the encryption market continued to retreat from February, driven by total economic certainty and political changes in the United States. Amid this negative morale in the market, the sector witnessed some prominent developments, which were identified by the search arm for the largest encryption exchange in the world, Binance.
According to the monthly market visions a report Through Binance Research, the industry has witnessed organizational progress and growth in some sectors in March, enhancing the positive feelings of medium and long -term development.
The market fell 4.4 % in March
After US President Donald Trump signed an executive order to create a bitcoin strategic reserve in early March, the encryption market witnessed severe fluctuations that lasted throughout the month. This, in addition to the Federal Reserve decision to maintain standard interest rates fixed to the second consecutive meeting and tariff tensions, which led to a significant decrease in risk, leading to a decrease of 4.4 %.
When analyzing encrypted currencies, the Binance Research Team found that Bitcoin supplies (BTC) belonging to long -term holders are increasing. There has also been a great dependence on Bitcoin since the creation of the American Bitcoin Strategic Reserve, where the institutions are increasingly bought.
The increasingly increasingly American American authorities have taken the main steps to organize encrypted currencies. The Currency Observer (OCC) recently authorized banks to hold encrypted currencies, while the National Innovation and Establishment Law in the United States Stablecoins (Genius), which creates a clear regulatory framework for the two -United States, is approaching legislation.
Loss and gains
Moreover, March brought significant transformations to the decentral financing sector (Defi), with Bitcoin Defi (BTCFI) recorded significant growth. The US Senate canceled a base that would require Defi platform operators to be subject to heavy reporting requirements by IRS.
Unfortunately, the Defi Total Locked (TVL) value decreased by 1.5 % over the month (MOM), with intense competition leading to a decrease in the market share of some leading platforms such as Exchang (Dex) UNISWAP. Binance Research has discovered that Dexs’s competitors such as Pancakeswap and Raydium have increased its share on the market.
It is worth noting that the Meme currencies witnessed negative growth, as the maximum market of the upper symbols decreased by millions of dollars. Since Trump’s official launch (Trump) has witnessed the Meme Coin Launcad pump.
Meanwhile, the total sales volume in the NFT distinctive code (NFT) decreased by 12.4 %, while the maximum Stablecoin market increased by 4.4 %.
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