Grayscale: Crypto Market Shows Resilience in March, But Recovery Remains Challenging Grayscale's latest report indicates that while the crypto market didn’t collapse in March, it also didn’t show significant improvement. Bitcoin’s net return was just 1.81%, barely holding on and avoiding six consecutive months of decline. The real standout was Hyperliquid’s HIP-3 perpetual contracts, which quickly captured 40% of the platform’s trading activity from scratch. Surprisingly, oil futures have become a new hotspot for on-chain liquidity. Macro pressures can’t be ignored either: the Iran conflict drove oil prices up by 63% in a single month, inflation expectations are heating up, and rate hike expectations have resurfaced, directly dampening market sentiment. Meanwhile, the SEC issued multiple rulings this month on the securities status of crypto assets, leaving policy uncertainty lingering. #Crypto #Bitcoin $BTC $ETH #Grayscale #Hyperliquid