March 2025 was a challenging month for markets: US President Donald Trump's uncertain tariff policies created volatility in the crypto markets, while decentralized finance (DeFi) faced security challenges.
Impact of Tariff Policies on Bitcoin
The trade war between the United States and its major trading partners significantly affected Bitcoin prices. In March, Bitcoin briefly recovered to $88,000 but then fell back to $82,000. US tariffs and retaliatory measures from China and the European Union added uncertainty to the markets, impacting cryptocurrency values.
Crypto Legislation in the US
In March, several US states moved forward with legislation related to cryptocurrencies. Utah and Kentucky enacted laws defining aspects of digital assets and blockchain technology, creating conditions for cryptocurrency mining.
State of the Solana Ecosystem
The Solana ecosystem faced significant challenges with a sharp decline in volumes on decentralized exchanges. In March, network revenues dropped by 99% compared to January, driven by a fall in interest in meme coins.
March 2025 highlighted the cryptocurrency market's vulnerability to political and economic shifts. The coming month will bring further tests, including the introduction of new tariffs and upcoming debates on stablecoin legislation in the US.
