As March 2024 concludes, the cryptocurrency sector has witnessed some significant fluctuations. Bitcoin has solidified its position above $70,000, while Ethereum stays consistent at $3,500. The market’s sentiment index points to ‘extreme greed’ with a score of 80, as the total market capitalization inches up by 0.30% to reach $2.66 trillion. However, not all digital assets enjoyed bullish trends, with some altcoins experiencing noteworthy declines.
KuCoin Token’s Legal Woes Lead to Price Plunge
KuCoin Token (KCS) faced a challenging week due to legal uncertainties, resulting in a significant 22% price drop and leading the list of crypto market losers. Its market cap shrank by 8%, hitting the $1 billion mark, despite a 92% surge in trading volume to $7.5 million.
Bittensor Struggles Despite Previous Bullish Run
Bittensor (TAO) saw its value decrease by 7%, demoting it to the 44th position on CoinmarketCap with a market value of $3.1 billion. Despite nearing a record value of $759.61 during a previous surge, TAO’s price has since decreased to $484.
Fantom Faces Market Correction after Two-Year High
Fantom (FTM) retreated to $0.9508 after hitting a two-year peak at $1.1. This price dip also affected its market capitalization, which fell by 3.5% to $2.6 billion, accompanied by a 10.23% decrease in trading volume.
Worldcoin’s AI Discussions Dampen Price Momentum
Worldcoin (WLD) reached an all-time high earlier in March at $11.82 but has since fallen to $8.18. Its market capitalization has decreased by 1.3% to $1.3 billion, with a 39% drop in trading volume.
Kaspa’s Gains Erode After February High
Kaspa (KAS) had caught the market’s attention with its impressive rise in early 2024, but after peaking at $0.1894, its value has diminished by 28%. A 5% weekly decrease leaves it trading at $0.1332, with a 3% reduction in market cap to $3.08 billion.