March 2020 – Corona virus destroys markets

Published on: April 1, 2020
6 months ago - 3 mins read

March 2020 – Corona virus destroys markets

March 2020 has come to an end. Who would have thought it would turn out to be such an historical month. We have seen an historical crash on the legacy markets due to the Corona virus, and a severe drop on the crypto market as well. The lowest point of the crypto market in March was 70% lower than the highest point in March, and it all happened in a few days.

Over 98% of all cryptocurrencies declined in value, Bitcoin dropped 25%. Also worth to mention: Bitcoin printed one of the most volatile daily candles in history, Bitcoin’s price dropped 44% in a single day. Investors around the world showed us one thing, in these times cash = king.

The top 5 performers in March were $DATA (+218.15%) , $SNT (+22.01%), $GXS (+4.78%), $MTL (+3.24%), and $MCO (-0.91%). Biggest losers were $ALGO (-53.98%), $ENG (-54.70%), $NCASH (-55.23%), $FET (-56.89%), and $AION (-59.69%).

In the following chart you can see how March compared to the last twelve months of altcoin performance.

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