Information and occasions associated to the banking disaster in the US and Europe led to a rotation of funds in the direction of investments thought-about much less dangerous. Based on the Monetary Occasions, US cash market funds skilled a contribution of 286 billion {dollars}.
Together with cash market funds, a few of the cash may additionally have seeped into the crypto business. The rise in demand might be one of many causes for Bitcoin (BTC) sturdy efficiency in March.
Day by day efficiency of the cryptocurrency market. Supply: Coin360SPX every day chart. Supply: Buying and selling ViewDXY every day chart. Supply: Buying and selling ViewBTC/USDT every day chart. Supply: Buying and selling ViewETH/USDT every day chart. Supply: Buying and selling ViewBNB/USDT every day chart. Supply: Buying and selling ViewXRP/USDT every day chart. Supply: Buying and selling ViewADA/USDT every day chart. Supply: Buying and selling ViewMATIC/USDT every day chart. Supply: Buying and selling ViewDOGE/USDT every day chart. Supply: Buying and selling ViewSOL/USDT every day chart. Supply: Buying and selling View
