The volatility in the crypto markets that began in February carried through March, with many cryptocurrencies seeing sharp declines. Analysts say the ongoing uncertainty was fueled by US trade tensions. However, optimism is building as speculation grows that the Federal Reserve may introduce policy measures to support markets. Will April bring a reversal? It’s a slow month for economic events, but let’s look at these events that could shape the markets.
After steep declines in February, the crypto market has shown signs of stabilising in March. Bitcoin (BTC) rebounded to around $88,000 towards the end of the month, while Ethereum (ETH) climbed above $2,000. Notably, Cardano (ADA) was among the few to end the month in the positive over 30 days.
Macroeconomic factors remain in play. Fed Chair Jerome Powell’s reassurances on maintaining current interest rates have given risk assets, including crypto, a boost. Meanwhile, reports suggesting that upcoming US tariffs may be less severe than expected have helped ease investor concerns.
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