Welcome to our March 2025 Monthly Crypto Market Recap!
Bitcoin experienced significant volatility this month, fluctuating between $79K and $95K, while Ether remained stable around $2K. Market sentiment remained subdued despite GameStop’s announcement to raise $1.3B for Bitcoin purchases, which triggered a 5.7% decline in its shares during after-hours trading. The Crypto Fear & Greed Index improved to 45% in the last week of the month, approaching the neutral zone of 49%, signaling easing of risk aversion. Meanwhile, Hyperliquid delisted the Solana-based memecoin JELLYJELLY after a whale manipulated its price by shorting and dumping it, causing the platform’s vault to absorb nearly $12M in unrealized losses. The incident raised concerns about potential coordinated attacks, aimed at destabilizing Hyperliquid, especially as rival exchanges listed JELLYJELLY futures during the same period.
On the macro front, President Donald Trump’s reintroduction of sweeping tariffs—including a 25% levy on imported automobiles and parts from Canada, Mexico, Europe, and Asia—has disrupted markets, triggered retaliation, and heightened concerns about inflation and recession risks. The Federal Reserve, acknowledging inflationary pressures from these tariffs, has opted to maintain interest rates within the 4.25%-4.5% range, while still projecting two rate cuts in 2025, though officials express uncertainty about future policy directions.
Meanwhile, China’s National People’s Congress set a 5% economic growth target for 2025, pledging increased support for artificial intelligence and technological innovation, alongside aggressive fiscal and monetary easing measures aimed to counter the adverse effects of the ongoing trade tensions.
Join us as we explore March’s crypto market and the key catalysts that fueled this month’s top performers. Stay ahead with our comprehensive monthly market recaps at TRHX Research and receive real-time updates from TRHX Pulse to navigate the ever-evolving crypto landscape!
Cronos (CRO) ⏶36.10%
Cronos (CRO) is the native cryptocurrency token of the Cronos blockchain, developed by Crypto.com. Its ability to connect with Ethereum and Cosmos blockchains, alongside its proof-of-authority consensus mechanism, allows it to handle over 10,000 transactions per second. CRO is used for transactions, staking, and governance within the ecosystem, providing users with various benefits like lower fees and staking rewards on Crypto.com.
This month, CRO surged by 30% in value following the announcement of a partnership between Trump Media & Technology Group (TMTG) and Crypto.com. This collaboration aims to launch ETFs that offer exposure to cryptocurrencies like Bitcoin, Cronos, and other industries such as energy. The news led to a six-fold increase in CRO’s trading volume and a spike in transactions, signaling strong investor interest. This partnership with Trump Media is considered the main catalyst for CRO’s impressive pump this month, as traders seized the opportunity linked to the high-profile political figure.
With Trump Media investing up to $250 million of its cash reserves in both the ETFs and separately managed accounts (SMAs), it is clear that there is growing financial integration of crypto assets. As the ETFs are expected to launch later this year, monitoring future developments and regulatory approvals will be key to shaping the market and driving further interest in CRO.
Movement (MOVE) ⏶14.85%
Movement Network is a Layer-2 blockchain leveraging the Move programming language. It has seen significant market developments this month following Binance’s identification of a market maker allegedly responsible for dumping $66M MOVE tokens post-launch. The market maker, who made a net profit of $38M USDT, was found to have violated Binance’s policies, triggering an investigation that led to the freezing of the profits. Despite the negative press, Movement Network’s native token, $MOVE, surged 7% after Binance’s announcement, reflecting strong market confidence in the project’s long-term viability.
In response to the situation, the Movement Network Foundation has committed to a $38M buyback program to establish a “Movement Strategic Reserve”. The recovered funds will be used to purchase $MOVE tokens on the open market over the next three months, with tokens periodically transferred to the reserve’s on-chain wallet. This initiative aims to bolster the liquidity and stability of the Movement ecosystem, addressing market disruptions while safeguarding investor interests. The buyback program could positively impact $MOVE’s price by reducing circulating supply and strengthening the project’s financial foundation.
Beyond the immediate impact of the buyback, Movement has also made significant strides with its broader expansion. The project launched its public mainnet beta and filed for an ETF with REX-Osprey to offer regulated exposure to $MOVE.
Closing Remarks
Despite the volatility, April is shaping up as an optimistic month for crypto, fueled by major developments. Fidelity, Franklin Templeton, Grayscale, Canary Capital, and VanEck, have entered the race for a spot Solana ETF in the US. Additionally, anticipation around renewed US tariff debates and Donald Trump’s upcoming “Liberation Day” could further energize crypto markets, according to analysts at K33. Meanwhile, Ethereum continues to advance technologically, successfully completing the Hoodi testnet upgrade and moving closer to deploying the highly awaited Pectra upgrade on the mainnet. These developments highlight a resilient enthusiasm in crypto, suggesting positive momentum ahead.
There are also exciting crypto conferences lined up in the coming month. From April 8 to 10, Paris Blockchain Week will gather industry leaders in Paris to explore blockchain’s evolving role in global finance, Web3 innovation, and crypto adoption. Later in the month, Token2049 returns to Dubai from April 30 to May 1, continuing its tradition of spotlighting regional crypto developments. Known for attracting notable industry figures, including Binance’s Rachel Conlan in previous editions, Token2049 Dubai promises another vibrant gathering of crypto visionaries, further showing the ongoing enthusiasm within the crypto community.
As April unfolds, we are closely monitoring these developments and remain optimistic about the market’s direction. Stay informed by following TRHX Research for in-depth crypto analysis and real-time updates.
Disclaimer
This publication is provided for informational and entertainment purposes only. Nothing contained in this publication constitutes financial advice, trading advice, or any other advice, nor does it constitute an offer to buy or sell securities or any other assets or participate in any particular trading strategy. This publication does not take into account your personal investment objectives, financial situation, or needs. TRHX does not warrant that the information provided in this publication is up-to-date or accurate.
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