March is a month of the year that typically sees increased activity in cryptocurrency markets. This increase in trading activity can be attributed to several factors, including the end of tax season, the anticipation of new projects and developments, as well as major events such as conferences or product launches.
In March 2017 for example, we saw an increase in Bitcoin prices due to expectations surrounding SegWit2x activation. A similar trend was seen in 2018 when Bitcoin Cash (BCH) launched its own fork called “Satoshi Vision” which caused a surge in BCH prices across exchanges.
Other cryptocurrencies have also experienced price surges during March months – Ethereum Classic (ETC), Litecoin (LTC) and Ripple (XRP). These increases are usually accompanied by greater volumes on exchanges and higher liquidity among traders.
The end of tax season is another factor that contributes to increased trading activity during March months. Many investors use this time to liquidate their holdings from last year’s returns or reinvest profits elsewhere – including crypto markets. As more people enter these markets, they tend to drive up prices through competition over available assets and other market forces such as speculation on future trends or regulations changes.
Finally, there are often major industry-related events held during March that draw attention towards certain coins/tokens resulting in short-term price movements depending on how investors perceive them; examples include Consensus 2018 or Token2049 where new projects were announced with potential implications for cryptocurrency investments down the line.
Overall, while it may not be easy to predict exactly what will happen each year around this time period – it’s important for traders to stay informed about any news regarding cryptocurrencies so they can make informed decisions about their own investment strategies going forward into April and beyond!
