March was a difficult month for the markets – the uncertain pricing policies of the American president Donald Trump created the volatility of the Bitcoin and cryptography markets; Meanwhile, decentralized finances (DEFI) had security problems.
The prices for reprisal on American products in China and the European Union hit the markets on March 10 and 12, respectively. In the middle of the tête-à-tête between the United States and its largest trade partners, Bitcoin managed to get back on March 24 to $ 88,000 before lighting up again at around $ 82,000 at the time of the editorial staff.
A certain number of state legislatures are considering legislation related to bitcoin and crypto, bills that would establish a bitcoin reserve for cryptographic tax forces and explore the investment of pension funds. These bills have advanced either in voting or in a committee, in 13 US states this month.
The cooler of the same markets has significant implications for income for Solana. After reaching attractive heights of $ 34 billion in January, Solana’s volumes on decentralized exchanges have dropped radically. In March, volumes rarely exceeded $ 1 billion.
Here is Mars in figures.
Trump’s trade war sees Bitcoin drop by 5% over the month
The first month of Trump’s administration saw a number of losses on controversial trade policies that seemed to be confused and even exasperating the president’s political allies.
After a month late, the prices were put online on March 4 at 25% on Mexican and Canadian products, $ 10 on Canadian energy and 20% on Chinese products. A day later, Trump’s administration delayed prices for car manufacturers; On March 6, he announced delays on most Canadian and Mexican products.
China’s reprisal prices increased the temperature and on March 12, Trump announced a 24% tariff on aluminum and steel. As of March 18, the US Treasury, which is part of the presidential administration, announced the possibility of prices negotiable by country.
The Bitcoin Prize, as well as the main stock market indices in the United States, have been affected because the estimated effects of the prices have changed by the week. On March 24, Bitcoin managed to get back to $ 85,000, briefly put him above what he started the month.
The trade war has affected the own cryptographic investment of the Trump family via World Liberty Financial (WLFI). The fund saw a mixed bag in March, with many altcoins in its wallet, such as Mint (MNT) and Tron (TRX), trading at or below where they started the month.
Crypto and traditional finances were on a downward trend at the end of March while traders are preparing for the “Liberation Day” on April 2, when Trump promised to collect dollar rates for countries on all countries with prices on American products.
Cryptographic legislation promulgated in two states
Two American states, Utah and Kentucky, promulgated legislation in March concerning the crypto. The two laws provide definitions for different aspects of digital assets and blockchain technology. They also provide zoning definitions and protections for cryptocurrency minors and create directives so that companies accept cryptocurrencies.
In March, various crypto invoices took front in 13 other states. Three states, Texas, Georgia and Illinois, have presented new bills in their respective legislatures.
The Illinois law would establish regulations for industry as well as for consumer protections, while Georgia senators seek to create a Senate study committee on digital assets and AI.
Texas has been occupied. In March alone, he introduced three distinct bills that would create stablecoin to support oil, allow state officials to invest in public funds in crypto and set up a blockchain pilot program for the State Information Resources Department.
The Solana ecosystem faces a 99% decrease in income
A number of large -scale scandals, one of which involves the president of Argentia Javier Milei, began to frighten investors outside the same space.
With most emissions on the Solana network, this exodus of traders experienced a 99% drop in revenues from their $ 15 million summit on January 19, only $ 119,000 at the time of publication.
March has also seen a continuous downward trend in the decentralized volume of exchange generated active and daily addresses. The DEX volumes in March regularly increased from $ 3.9 billion on March 2 to $ 782 million at the time of publication.
Review: The same is DED – but Solana “100x better” despite the income dive
At the end of February, Messari Sunny Shi’s analyst highlighted “the same economy” composing a large part of the value of the Solana ecosystem. He added that “a profound contraction in the same volumes could lead to a drop in the drop in income”.
The future of Memecoins remains uncertain, but the founder of Sythnetix, Kain Warwick, told Cointelegraph magazine that the network was better for them.
“One of the interesting things about the same speculation is that it has led a huge investment in infrastructure on Solana,” said Warwick. “Solana as a chain is 100 times better than the pre-memory.”
$ 22 million in hacks DEFI while analysts increase the red flags on safety
February has seen the biggest piracy of all time, the Lazare group affiliated with the North Korean state caught 1.4 billion dollars in Bybit. March turns in comparison – $ 22 million was stolen in four hacks (note they are not the same as short exploits or compressions).
Continuing the Bybit’s saga, the pirates could have successfully channeled “100%” of funds – mainly by Thorchain – according to the Lookonchain blockchain security company.
The continuous proliferation of the costly hacks of LED Blockchain Sleuth Zachxbt to publish on its telegram channel on March 18 that DEFI “is incredibly cooked with regard to exploits / hacks and unfortunately IDK if the industry wants to repair this itself unless the government forces the regulations that harm the whole of our industry.”
He said many protocols had “almost 100%” of the costs or monthly volumes derived from Lazarus and “refuse to take all responsibility”.
In relation: Top 15 cryptographic conferences to mark your calendar in 2025
Aside from the concerns about security and macroeconomic factors, the cryptographic industry continued to build and come together during international conferences. March has seen six major international crypto conferences in Europe and North America.
Overall, Mars was a rocky month. The main parts exchanged on laterally or have experienced significant losses – ether (ETH) is down 18% over the month – and economic uncertainty defined space with the introduction of new rates from China and the European Union.
The markets will be put to the test in April while Trump introduces mass rates on April 2, nicknamed “Liberation Day”. However, previous inversions or flip -flops on prices mean that the effect may not be as pronounced as expected.
Next month will also see a debate on the American law on stablecoin at the Chamber’s financial services committee. Many in the industry consider the bill as the Crypto Green Light must develop in the United States.
On April 18, Avraham Eisenberg, who was convicted of fraud and market manipulation as part of the feat of the Mango Dex markets, faced the conviction.
Review: Bitcoin Ath earlier than expected? XRP can drop by 40%, and more: Hodler’s Digest, March 23 to 29
