The month of March 2024 marked a significant period for the cryptocurrency market. During this time, Bitcoin saw a boost in its value, reaching $70,000, while Ethereum maintained its trading level at $3,500. The fear and greed index remained at an extreme greed zone of 80 throughout the week, with the market cap increasing by 0.30% to $2.66 trillion.

KuCoin Token (KCS)

Legal uncertainties negatively impacted KCS, causing a substantial 22% decrease in its value over the week. This made KCS the top loser in the cryptocurrency market during this period. The token's price dropped to a weekly low of $10.68, with its market cap also decreasing by 8% to $1 billion. However, trading volume saw a 92% increase, reaching $7.5 million.

Bittensor (TAO)

Bittensor (TAO) faced a 7% drop, positioning itself at 44th place on CoinmarketCap with a value of $3.1 billion. The token saw a 16% decrease this week, trading at $484. During the previous bull run, TAO nearly reached its all-time high of $759.61 before falling to $730.21.

Fantom (FTM)

Fantom's price retraced to $0.9508 from its recent peak of $1.1, marking the highest value in the past two years. The market cap also decreased by 3.5% to $2.6 billion, with a 10.23% decrease in trading volume to $173 million.

Worldcoin (WLD)

Worldcoin reached an all-time high of $11.82 earlier in March but has now dropped to $8.18. It is positioned 30% below its all-time high and is considered a decliner in the market. The market cap decreased by 1.3% to $1.3 billion, with trading volume falling by 39% to $228 million.

Kaspa (KAS)

Kaspa experienced a notable rise in the first three months of 2024, reaching an all-time high of $0.1894 by the end of February. However, the price has since seen a 28% decrease and is currently trading at $0.1332. The market cap also declined by 3% to $3.08 billion.

This analysis was originally published on COINTURK NEWS: Cryptocurrency Market Update: Winners and Losers of March 2024