Grayscale: The crypto market showed resilience in March, but there is still a long way to go before recovery.

CoinFeed reported on April 3rd that, according to Cryptopolitan, Grayscale stated in its latest report that the crypto market showed resilience in March, but still has a long way to go before a full recovery. Bitcoin's net return in March was only 1.81%, avoiding a six-month consecutive decline. Hyperliquid's HIP-3 perpetual futures contracts were the best-performing sector in March, rapidly growing from zero to record daily trading volume, with oil futures becoming a new liquidity hotspot. Hyperliquid's HIP-3 contracts accounted for 40% of the platform's trading activity. The SEC issued several rulings this month regarding the legal status of crypto assets as securities. Grayscale pointed out that the oil price shock triggered by the Iran war was a major factor affecting the crypto market, with oil prices rising 63% per barrel, triggering inflation concerns and expectations of interest rate hikes in major economies.