Bitcoin's Q1 Performance: Rising Amid Banking Uncertainties and Regulatory Crackdowns.

Despite bank failures and macroeconomic headwinds, Bitcoin rose over 21% in March, outperforming traditional assets like the S&P 500 and Nasdaq. The surge in BTC and gold prices shows panic around holding USD. The crypto industry also endured regulatory enforcement activity, including a lawsuit against Binance by the CFTC. Encrypted messaging protocol Mask Network's native MASK token was the best-performing token, while Chain's XCN token was among the biggest laggards. Traditional finance has reached a tipping point, and the unsettled relationship between DeFi and TradFi is likely to steady over the long term.