As March 2024 comes to a close, the cryptocurrency market has been experiencing various fluctuations. Bitcoin's price has remained steady above $70,000, while Ethereum has maintained its position at $3,500. The market sentiment shows high greed levels with an index score of 80, and the total market capitalization has slightly increased by 0.30% to $2.66 trillion. However, not all cryptocurrencies have seen positive trends, as some altcoins have faced significant declines.
KuCoin Token's Price Decline Due to Legal Issues
KuCoin Token (KCS) had a tough week marked by legal uncertainties, resulting in a 22% drop in price, making it the biggest loser in the crypto market. Its market cap also decreased by 8%, reaching $1 billion despite a 92% increase in trading volume to $7.5 million.
Bittensor Struggles Despite Previous Success
Bittensor (TAO) saw its value decrease by 7%, pushing it down to 44th place on CoinmarketCap with a market value of $3.1 billion. Despite reaching a high of $759.61 in a previous surge, TAO's price has now dropped to $484.
Fantom Faces Correction Post Two-Year High
Fantom (FTM) has retraced to $0.9508 after reaching a two-year peak at $1.1. This dip in price has also caused its market capitalization to drop by 3.5% to $2.6 billion, accompanied by a 10.23% reduction in trading volume.
Worldcoin's Price Affected by AI Concerns
Worldcoin (WLD) reached an all-time high of $11.82 in March but has since fallen to $8.18. Its market capitalization has decreased by 1.3% to $1.3 billion, with a significant 39% decline in trading volume.
Kaspa's Decline Following February High
Kaspa (KAS) gathered attention with its impressive rise early in 2024, peaking at $0.1894. However, its value has dropped by 28%, now trading at $0.1332 after a 5% weekly decrease. Additionally, its market cap has reduced by 3% to $3.08 billion.
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