Crypto Winter Deepens: BTC, ETH Face March Challenges
1min read March 2025 has arrived, and with it, the cryptocurrency market is grappling with the aftermath of a tumultuous February. Bitcoin (BTC) and Ethereum (ETH), the two dominant cryptocurrencies, experienced significant declines, leaving investors apprehensive about the potential for continued weakness in the coming month.
Market analysts have pointed to historical patterns that suggest March could be a challenging month for both BTC and ETH. According to a recent analysis, the prevailing market sentiment is one of caution, as investors grapple with both recent performance and historical trends. This sentiment is further supported by the substantial declines witnessed in February, with BTC dropping by over 12% and ETH plummeting by 38%.
Historical data reveals that both BTC and ETH have a pattern of underwhelming performance during March. BTC's average return for March has typically been a meager 3.42%, with a median of merely 0.51%, underscoring its propensity for muted or negative returns in the past. In contrast, ETH's average return of 8.22% appears slightly better but features a median of just 1.80%, indicating substantial variability.
Given February's sharp declines, with BTC at -17.39% and ETH at -31.95%, investors should remain vigilant as these historical trends may repeat. The onset of March finds BTC reeling from a 17.39% decline in February, marking one of the most severe monthly downturns in its history. Inevitably, BTC remains trapped below its 50-day SMA at $97,570.68 and hovers near its 200-day SMA at $82,231.19, suggesting a precarious position with further downward momentum.
Ethereum's performance in February was even more concerning, registering a historic decline of 31.95%. March has historically yielded an average return of just 2.82% for ETH, with a median of 1.18%, underscoring its often lackluster returns during this month. With ETH lingering below its 50-day SMA at $2,890.37 and 200-day SMA at $2,926.03 