March has been a tumultuous month in the cryptocurrency market, resulting in significant losses for some digital assets. The greatest loser, arbitrum (ARB), dropped by 88% over the course of just four days. Other coins deemed the biggest losers in March include Huobi Token (HT), lido DAO (LDO), Terra Classic (LUNC), Apecoin (APE), Mina (MINA) and OKB. All of them experienced a drop in their prices between 16.7% to 29.7%.

The financial markets, including the cryptocurrency market, have been thrown into disarray following the US bank collapses at the start of the month. This has been compounded by the latest regulatory effort against the largest exchange, Binance, causing a rapid decrease in the total cryptocurrency market capitalization. The market bottomed out at $912 billion on the 10th of March, a sudden $88 billion drop in less than 24 hours.

However, the industry quickly regained strength, with prices steadily moving upwards beginning March 12th. The subsequent recovery in the crypto markets has led to the total cryptocurrency market cap now being higher than it was at the same time point in June 2022.

The losses in March highlight the wider need for infrastructure and regulations that better safeguard against market uncertainty, ensuring that investors and traders can remain confident in their assets' value. The market is at an important juncture, with the possibility of real institutional money coming into crypto in the near future. Establishing a reliable environment suitable for such investments is of upmost importance as the world progresses further into a digitalized era.



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