Cryptocurrency Market Sees Red As Traders Monitor Major Events


Cryptocurrency trading saw some losses on Sunday evening, as investors kept close watch over potential outcomes of key events in March such as banking failures, inflation, and crypto-related regulatory decisions.

Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST)
Bitcoin BTC/USD -1.36% $28,027
Ethereum ETH/USD -1.66% $1,785
Dogecoin DOGE/USD -5.78% $0.078

What’s Going On: The crypto market has gone through a period of turbulence, but Bitcoin BTC/USD still gained 24% in March. 

                                          Top Gainers (24 Hours)

Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST)
Aptos +4.59% $11.71
Ripple +2.50% $0.51
EOS +2.40% $1.22

At the time of publication, the total crypto market capitalization was at $1.17 trillion, representing a decrease of 1.34% over the last day.  

U.S. stocks had a great day on Friday, with the Federal Reserve‘s preferred inflation measure showing a smaller-than-expected rise in prices. The S&P 500 went up 1.44%, while the Nasdaq Composite gained 1.74%. 

See Also: Best Crypto Day Trading Strategies

This week, traders will be keeping an eye out for labor and economic performance reports, which may provide clues as to whether the U.S. economy is improving or weakening. On Tuesday, the US Census Bureau

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