The monthly report from CoinEx Research outlines a dynamic picture of the crypto market in March 2025, amidst record inflows of stablecoins, macroeconomic tensions, new regulations, and rebound signals for altcoins.
The March 2025 crypto report by CoinEx highlights positive signals for a capital rotation towards altcoins
The month of March 2025 represented a phase of consolidation and uncertainty for the cryptocurrency market, but also of potential transformation.
According to the recent report published by CoinEx Research, while Bitcoin has dominated the spotlight for a good part of the month, conditions are emerging for a grand comeback of altcoins.
Which are ready to benefit if the macroeconomic context continues to stabilize. In any case, the month started with a flare-up.
The announcement by President Trump regarding the intention to establish a national reserve in Bitcoin has fueled investor optimism, pushing the price of the leading cryptocurrency up to $95,000.
However, the subsequent clarification, namely that the reserve will be based on assets already held by the government, cooled the enthusiasm, bringing Bitcoin back around 82,500 dollars at the end of the month.
These fluctuations have reflected a general climate of uncertainty in the financial markets. The S&P 500 has lost over 7% from its all-time highs, highlighting how caution is dominating investors’ approach across all asset classes.
On a technical level, Bitcoin is now testing a key resistance. A potential breakout above 90,000 dollars could revive a bull trend, while a rejection would likely lead to a return towards the support area of 80,000 dollars.
Despite the dominance of Bitcoin continuing to grow, the analysts at CoinEx identify the first signs of a possible shift of capital towards altcoins.
Many projects remain undervalued, with compressed valuations and technical conditions favorable to a “relief rally.”
The easing of monetary policies and the inflows of stablecoin suggest that investors are accumulating liquidity while waiting for the right moment to re-enter the market.
In particular, the month recorded net inflows of stablecoins amounting to 6.8 billion dollars, a figure historically associated with the beginning of new bull cycles.
If macroeconomic conditions, such as inflation and interest rates, continue to improve in the coming months, April and May could mark a true turning point.
The moves of the central banks and the regulatory push
Supporting this perspective are also the choices of the main central banks.
The Federal Reserve, the Bank of Japan, and the Bank of England have confirmed the maintenance of interest rates at current levels, with the Fed still anticipating a cut of 50 basis points during 2025.
In parallel, the American institution has decided to reduce the quantitative tightening, halving the monthly outflow of maturing Treasury.
Significant progress is also being made on the regulatory front. The SEC has officially withdrawn its appeal in the litigation against Ripple, bringing an end to a legal battle that lasted over four years.
Furthermore, the Senate Banking Committee has presented a bipartisan proposal to create a formal regulatory framework for stablecoins, a sign of the sector’s growing maturation in the eyes of the institutions.
Among the projects that have shown signs of concrete growth, Bittensor stands out, as it continues to develop its decentralized ecosystem of artificial intelligence.
The Dynamic TAO update introduced a dual token model and incentivized the expansion of subnets. With over 80 active subnets, investor interest was further confirmed by the strategic entry of YZi Labs into Tensorplex Labs.
Sonic Network has instead reached an important milestone in terms of Total Value Locked (TVL), surpassing one billion dollars at the end of March.
This result, achieved thanks to the integration with key partners such as Nansen, AlchemyPay, and deBridge, has confirmed the growth of the network’s adoption.
The announcement of a new algorithmic stablecoin by co-founder Andre Cronje has attracted great attention, while raising some doubts related to the historical risks of this type of asset.
The Hyperliquid case and the limits of decentralization
However, there have been no shortage of controversial episodes. The decentralized exchange Hyperliquid experienced an internal attack, in which a trader manipulated the price of JELLY causing a temporary loss of 12 million dollars.
The intervention of the validators, who forced the closure of the positions and converted the loss into a gain, has raised doubts about the actual decentralization of the protocol.
The event led to a drastic drop in the platform’s TVL, from 439 to 316 million dollars.
In conclusion, March 2025 was a month of transition for the crypto market. The strong fluctuations of Bitcoin, macroeconomic uncertainty, and the contrasting signals from the ecosystems have outlined a complex landscape, but not without opportunities.
Positive regulatory developments, combined with record inflows of stablecoins, indicate that investors are ready to move should favorable conditions arise.
If the current signals are confirmed by a macro stabilization in the coming months, we might witness a capital rotation towards altcoins, ushering in a new growth phase for the entire cryptocurrency sector.
CoinEx, for its part, confirms itself as an attentive observer and active player in this process. Specifically, offering tools and analysis to guide investors in the new cycle that is emerging on the horizon.
