CoinEx Research Reports Positive Trends in Crypto Market for March 2025
The latest monthly analysis from CoinEx Research provides a comprehensive overview of the cryptocurrency landscape in March 2025, marked by significant inflows of stablecoins, ongoing macroeconomic challenges, fresh regulatory measures, and signs of recovery in altcoins. The report for March 2025 illustrates a shift towards altcoins, suggesting a potential capital rotation.
March 2025 proved to be a period of both consolidation and unpredictability within the cryptocurrency sector, as well as a possible turning point. According to CoinEx Research’s recent findings, while Bitcoin remained the focus for much of the month, there are indications that altcoins might be poised for a significant resurgence if the macroeconomic environment continues to show signs of stability. The month kicked off with considerable excitement. President Trump’s announcement regarding plans to create a national reserve in Bitcoin sparked investor enthusiasm, driving Bitcoin’s price up to $95,000. However, a follow-up clarification stating that the reserve would be based on existing government assets tempered this excitement, leading to a drop in Bitcoin’s value to approximately $82,500 by month-end. These price changes reflect the prevailing uncertainty in broader financial markets. The S&P 500 index has declined by over 7% from its peak, underscoring a cautious sentiment among investors across various asset classes. Technically, Bitcoin is currently at a crucial resistance point. A breakthrough above $90,000 could signal a resurgence of bullish momentum, while a failure to surpass this level may result in a retreat towards the support area around $80,000.
Despite Bitcoin’s ongoing dominance, CoinEx analysts have begun to identify initial indicators of capital shifting towards altcoins. Numerous projects remain undervalued, exhibiting compressed valuations and favorable technical conditions that could lead to a “relief rally.” The easing of monetary policies, combined with inflows of stablecoins, suggests that investors are accumulating liquidity in anticipation of a strategic market re-entry. Notably, March recorded net stablecoin inflows totaling $6.8 billion, a figure historically linked to the beginnings of new bull markets. If macroeconomic factors, such as inflation and interest rates, continue to improve, April and May could herald a significant turning point for the market.
Central Banks and Regulatory Developments Shape the Market Outlook
The decisions made by major central banks lend further support to this optimistic perspective. The Federal Reserve, Bank of Japan, and Bank of England have all confirmed their intention to keep interest rates steady, with the Fed projecting a possible reduction of 50 basis points in 2025. Concurrently, the Fed has opted to scale back its quantitative tightening efforts, reducing the monthly outflow of maturing Treasury securities. Moreover, there have been noteworthy advancements on the regulatory front. The SEC has officially withdrawn its appeal in the prolonged legal case against Ripple, concluding a four-year dispute. Additionally, the Senate Banking Committee has presented a bipartisan initiative aimed at establishing a formal regulatory framework for stablecoins, reflecting the sector’s growing maturity in the eyes of regulatory bodies.
Among the projects demonstrating tangible growth, Bittensor stands out for its ongoing development of a decentralized artificial intelligence ecosystem. The recent Dynamic TAO update introduced a dual-token model and encouraged subnet expansion, resulting in over 80 active subnets. Investor interest was further bolstered by YZi Labs’ strategic investment in Tensorplex Labs. Meanwhile, Sonic Network achieved a significant milestone by exceeding one billion dollars in Total Value Locked (TVL) by the end of March. This achievement, facilitated by partnerships with key players such as Nansen, AlchemyPay, and deBridge, underscores the network’s growing adoption. The announcement of a new algorithmic stablecoin by co-founder Andre Cronje has garnered attention, though it has also raised concerns regarding the inherent risks associated with such assets.
Challenges in Decentralization Highlighted by Hyperliquid Incident
Nevertheless, the month was not without its controversies. The decentralized exchange Hyperliquid fell victim to an internal attack, where a trader manipulated the price of JELLY, resulting in a temporary loss of $12 million. Validator intervention, which forced the closure of positions and converted the loss into a gain, has sparked questions about the true decentralization of the protocol. Consequently, this incident led to a significant decline in the platform’s TVL, dropping from $439 million to $316 million.
In summary, March 2025 marked a transitional period for the cryptocurrency market. The pronounced volatility of Bitcoin, coupled with macroeconomic uncertainties and mixed signals from various ecosystems, has painted a complex picture filled with potential opportunities. Positive regulatory developments, along with record stablecoin inflows, suggest that investors are prepared to act if favorable conditions arise. Should current indicators align with macroeconomic stabilization in the coming months, a capital shift towards altcoins could pave the way for a new growth phase across the cryptocurrency sector. CoinEx remains a vigilant observer and proactive participant in this evolving landscape, providing tools and analyses to assist investors as they navigate the upcoming cycle.
