The cryptocurrency market has been a bloodbath in March, but recovery may not be far off

It's been a bad month in crypto-city.

Bitcoin, the largest cryptocurrency by market cap, is trading at $7,076 -- a 7% decrease in the last 24 hours and a 34.6% decrease on a monthly basis. The second largest coin, Ethereum, is being absolutely pummeled, having dropped 5% to $398 in the last 24 hours, and losing more than half of its value (55.1%) since March 1. And none of the other major cryptocurrencies fared much better.
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It's hard to shake the feeling, however, that the prices have recently been going down regardless of the news cycle.