keytrends

#keytrends

⬆️2025 to provide an overview of the ecosystem’s current state. We analyze the performance of crypto

Crypto Market📊 Performance in March 2025. In March 2025, the cryptocurrency market cap declined by 4.4%, continuing its pullback from the previous month amid rising macroeconomic uncertainty. The U.S. Federal Reserve’s decision to maintain benchmark interest rates for a second straight meeting dampened investor risk appetite, reflecting concerns over persistent inflation. Volatility was further stoked by President Trump’s imposition of new tariffs, which drew international backlash – particularly from Canada and Mexico toward the end of the month – culminating in US$1 billion in liquidations in the crypto derivatives market.

Despite the market turbulence, March also saw significant regulatory advancements for the crypto industry. The GENIUS Act progressed closer to becoming law after clearing the Senate Banking Committee with bipartisan support. Meanwhile, the U.S. Office of the Comptroller of the Currency (OCC) issued guidance permitting banks to custody cryptocurrencies. These steps signal growing regulatory clarity and a broader move toward integrating digital assets into the traditional financial ecosystem.

Monthly crypto market capitalization decreased by 4.4% in March 

Source: CoinGeckoAs of March 31, 2025 

Monthly price performance of the top 10 coins by market capitalization 



Source: CoinMarketCapAs of March 31, 2025 

In March 2025, Toncoin (TON) emerged as the standout performer, surging 17.1% following revelations that over US$400 million in TON had been acquired by top venture capital firms including Sequoia, Ribbit, and Benchmark. This influx of institutional interest coincided with a meteoric rise in TON’s user base, which grew from 4 million to 41 million accounts over the past year. Cardano (ADA) also posted notable gains, rising 4.4% on speculation surrounding its potential inclusion in the U.S. Digital