Coin Race: Top Winners/Losers of March and Q1
April is here, with spring and some green shoots starting to form in the crypto market.
The beginning of April also marks the end of the first quarter, and we, therefore, take a look at what has happened over both the past month and the quarter as a whole.
In January, the crypto market ended largely in the red across the board, despite some green candles on the last day of the month.
February, on the other hand, turned out to be a good month, with many of the larger cryptoassets by market capitalization, the so-called ‘blue-chip’ cryptos, seeing double-digit percentage gains for the month.
With that said, let’s now take a look at March and the year's first quarter: which coins have moved higher, which have fallen, and which still tread water?
Overall, the top 10 coins by market capitalization performed well in March, although the performance for major coins such as bitcoin (BTC) and ethereum (ETH) was less impressive than in February.
In a sign that ‘altseason’ may have already arrived, BTC saw the weakest performance among the top 10 coins last month, excluding stablecoins. The coin rose by just 1.95% for the month to trade at a price of USD 44,478 as the month came to an end.
ETH, on the other hand, saw relatively strong performance for the month, rising by 9.89% to a price of USD 3,241.
The performance for both of the two largest cryptocurrencies was well below what was seen in February when BTC and ETH both rose by about 15% for the month. Still, it is worth noting that most of the selling for the two coins happened during the first four days of the month, and both saw gains for the most part after that.
Best among the top 10 coins in March was the Ethereum-challenger solana (SOL), which rose by 22.33% for the month to USD
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