The ongoing war between the USA/Israel and Iran has also deeply affected the cryptocurrency markets. While Total Market increased after 5 months in March, bitcoin and ethereum also brought gains to its investors.
While some investors who remained in Bitcoin continued panic selling throughout the process, long-term investors remained resilient. The news flow about a ceasefire in the Middle East towards the end of March increased the tendency towards risky assets.
The increase in value of Bitcoin and Ethereum showed that corporate interest in cryptocurrencies continues. Despite the weak performance in the first quarter, bitcoin in particular performed better than many expected in March.
