March was a harsh month for markets – the policies of unconfirmed tariffs created US President Donald Trump fluctuations in Bitcoin and encryption markets; Meanwhile, I struggled with decentralized financing (Defi) with security concerns.
The revenge customs tariffs on American goods in China and the European Union struck the markets on March 10 and 12, respectively. Amid Tête-à-Tête between the United States and its largest commercial partners, Bitcoin managed to recover on March 24 to $ 880,000 before it decreased again to about $ 82,000 at the time of writing this report.
A number of legislative bodies of the state are studying legislation related to bitcoin and encryption, from bills that will establish a bitcoin reserve to encryption tax forces and explore the investment of pension funds. These laws advanced forward, either in voting or in the committee, in 13 American states this month.
The calm in Memecoin markets has significant effects on the revenue on Solana. After reaching high levels of 34 billion dollars in January, Solana’s sizes fell on decentralized stock exchanges significantly. In March, volume sizes rarely exceeded one billion dollars.
Here is a march in the numbers.
Trump’s commercial war sees Bitcoin by 5 % a month
The first month of the Trump administration witnessed a number of repercussions on the controversial trade policies that seemed to be mixed and discontent Even the president’s political allies.
After a month of delay, the customs tariff began on 4-25 % on Mexican and Canadian goods, $ 10 on Canadian energy and 20 % on Chinese goods. Just one day later, the Trump administration was delayed by the customs tariff for auto manufacturers; On March 6, it announced a delay in most Canadian and Mexican goods.
The revenge definitions of China raised the temperature, and on March 12, Trump announced a 24 % tariff on aluminum and steel. By March 18, the US Treasury, part of the presidential administration, announced the possibility of negotiable tariff rates for each country.
Bitcoin price was hit, along with the main stock indicators in the United States, as the estimated effects of the definitions that were changed by the week have changed. On March 24, Bitcoin managed to recover to $ 85,000, which briefly put it in the place where the month started.
The trade war has affected the Trump family’s investments through the World Liberty Financial (WLFI). The box witnessed a mixed bag in March, with many altcoins in its wallet, like Mint (MNT) And tron (TX), Trading in or less where they started the month.
The traditional encryption and financial trend was a decline at the end of March as traders “Tahrir Day” pillar on April 2When Trump promised to impose a dollar tariff against the dollar on all countries that have a tariff on American goods.
The two -state encryption legislation
Two American states, Utah and Kentucky were enacted, legislation in March on encryption. Both laws provide definitions of different aspects of digital assets and Blockchain technology. It also provides the definitions of dividing regions, protecting the coded currency miners, and creating instructions for companies to accept encrypted currencies.
In March, many encryption bills have advanced in 13 other states. Three states, Texas, Georgia and Illinois, presented new draft laws in the legislative bodies of each of them.
Illinois Law Establish Industry regulations as well as consumer protection, while Senators in Georgia Seek To establish a study committee in the Senate on digital assets and Amnesty International.
Texas was busy. In March alone, it is foot Three separate bills that establish oil -backed Stablecoin, allow government officials to invest state funds in encryption and prepare a Blockchain experimental program to manage information resources in the state.
Solana’s ecosystem faces a 99 % decrease in revenue
A number of prominent scandals, including those that included the President of Argenta Javier Miley, began to intimidate investors of the mocoin area.
With the occurrence of most versions on the Solana network, these merchants saw 99 % Decrease In revenues of $ 15 million on January 19, to $ 119,000 at publication time.
March also witnessed a continuous decline in the volume of decentralized exchange that was created on Onchain and daily active headlines. DEX folders fell steadily in March from $ 3.9 billion on March 2 to $ 782 million at the time of publication.
magazine: Memecoins is DED – but Solana ‘100x is better “despite the decrease in revenues
At the end of February, Messari Sinai Shi High “Mechanics Economy” composes a lot of the value of Solana Ecosystem. He added that “the deep contraction in mechanical sizes can cause a decrease in revenue.”
The future of Memecoins is still not certain, but the founder of SYTHNETIX Kain Warwick told Cointelegraph magazine that the network is better for them.
“One of the great things about Memecoin’s speculation is that it has paid a major investment in the infrastructure on Solana,” Warwick said. “Solana as a series of 100 times better than it was before Mimkewin.”
22 million dollars of Defi breaches, where analysts raise red flags on security
February witnessed the largest DEFI penetration of all time, as the Lazarus Group on North Korea, a $ 1.4 billion in BYBIT. March Pales compared – 22 million dollars were stolen via four breakthroughs (note that these are not the same exploits or short pressure).
Continue by an episode, and according to what was reported, the infiltrators were Successful suppression of “100 %” of the money successfully – In the first place through Thorchain – according to Blockchain Security Lokonchain.
Continuous prevalence of expensive Defi Blocchain Sleute Zachbt price mail On Telegram on March 18 that Defi “is incredibly cooked when it comes to exploitation/breakthroughs and unfortunately wondering if the industry will fix this by itself unless the government goes through the force that harmed our entire industry.”
He said that many protocols had “nearly 100 %” of the monthly fees or sizes derived from Lazaros and “refusing to bear any accountability.”
Related to: Best 15 Coding Conferences to celebrate your calendar in 2025
As part of the security factors and the total economy, the encryption industry continued to build and gather in international conferences. March witnessed six major international encryption conferences in Europe and North America.
In general, March was a rock month. The main metal currencies were traded or witnessed significant losses – ether (EthIt decreased by 18 % a month – and the economic uncertainty determined the space with the introduction of a new tariff from China and the European Union.
The markets will be tested in April, where Trump offers a collective tariff on April 2, called “Liberation Day”. However, previous repercussions or fluctuations on definitions means that the effect may not be clear as expected.
Next month will also witness a discussion on the United States Law Stablecoin at the Financial Services Committee in the House of Representatives. Many in the bill industry consider that green light encryption needs to grow in the United States.
On April 18, AVRAHAM EISENBERG, who was convicted of fraud and manipulation of the market in relation to the exploitation of the Mango DEX markets, will face the referee.
magazine: Bitcoin ATH sooner than expected? XRP may decrease 40 %, and more: Hodler’s Digest, 23-29 March
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