Throughout March, the cryptographic market continued its setback from February, driven by macroeconomic uncertainty and changes in policies in the United States. In the midst of this negative market, the sector witnessed some notable developments, which have been delineated by the world's largest cryptographic exchange arm arm, Binance.
According to monthly market information report Through Binance research, the industry saw regulatory progress and growth in certain sectors in March, reinforcing the positive feeling for the medium and long term development.
The market fell 4.4% in March
After the president of the United States, Donald Trump, signed an executive order to create a bitcoin strategic reserve in early March, the cryptography market witnessed an intense volatility that lasted throughout the month. This, together with the Federal Reserve decision to maintain stable reference interest rates for a second consecutive meeting and tariff tensions, with a significantly moderate risk appetite, which leads to a 4.4%decrease.
Analyzing cryptocurrencies, the Binance research team discovered that bitcoin's supply (btc) belonging to long -term holders is increasing. There has also been a significant adoption of bitcoin since it established a strategic reserve of US Bitcoins, with institutions that increasingly buy the asset.
The growing adoption has been promoted by US authorities who take important measures to regulate cryptocurrencies. The Office of the Comptroller of the Currency (West) recently authorized banks to have cryptocurrencies, while the National Innovation Law on National Innovation in the United States (Genius), which creates a clear regulatory framework for Etablecoins in the United States, is approaching promotion.
Profit and losses
In addition, March made great changes to the Decentralized Finance Sector (DEFI), with bitcoin Defi (BTCFI) registering significant growth. The United States Senate revoked a rule that would have required that the defi platform operators were subject to strong reports requirements by the Internal Revenue Service (IRS).
Unfortunately, the total blocking value (TVL) fell 1.5% from month to month (mom), with intense competition that led to a decrease in market share for some leading platforms such as the Uniswap decentralized exchange (DEX). Binance Research discovered that Rivals Dex such as Pancakeswap and Raydium have increased their market quotas.
In particular, Memes coins saw a negative growth, with market capitalization of the best tokens decreasing in millions of dollars. Since the launch of the Trump officer (Trump), the meme coin launchpad pump.fun has experienced a drop in weekly use metrics, including volume, creation of tokens and active wallets.
Meanwhile, the total volume of sales in the non -fungible Token market (nft) decreased by 12.4%, while Stablecoin market capitalization increased 4.4%.
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