$BTC

Decline in trading volumes with a decrease in Bitcoin price: March saw a 15.4% decline in trading volumes on major cryptocurrency exchanges, coinciding with a slight 2% drop in the Bitcoin price. The price of Bitcoin briefly reached its lowest level since last November, testing levels below $80,000.

* Growth in Bitcoin production for mining companies: Despite the price decline, several Bitcoin mining companies announced growth in their production during March. For example, Cango Inc. reported a 12% increase in its production, while CleanSpark announced a 13% increase and MARA reported a 17% increase in the number of blocks mined.

* Regulatory developments in the United States: March witnessed notable regulatory activity in the United States. Among the highlights was President Trump's issuance of an executive order to create a "Strategic Bitcoin Reserve" and a stockpile of digital assets, in addition to Congress repealing the controversial tax reporting rule for digital assets. The Federal Deposit Insurance Corporation (FDIC) also issued new guidelines for banks regarding their cryptocurrency-related activities.

This is not investment advice. Do your own research.