As of the end of March 2020, the total market value of global digital tokens was US$187.919 billion, a decrease of US$96.305 billion or 33.9% from the previous month. The average daily turnover in March was US$105.37 billion, an increase of US$51.14 billion or 49.9% over the previous month.

The collective decline of mainstream tokens in March was mainly due to the continuous deterioration of the new crown pneumonia around the world, the economic activities of many countries have been greatly affected, the market panic has soared, and the world's major financial markets have plummeted, and the digital token market cannot be immune to it.

The T10 and T10X indices fell 32% and 33.6% respectively to close at 736.93 points and 1191.93 points. BTC accounted for 62.4% of the market value, and the price of USDT fluctuated greatly, and there was a significant premium during the plunge.

This month, the 20 BICS secondary industry indexes compiled by Tongtongtong all fell except for stable tokens, which rose by 0.4%. Among the remaining industries, the blockchain optimization industry has the most serious decline, with a drop of 51.0%.

The difficulty of BTC remained stable in February and rose slightly in early March. At the same time, the daily average computing power began to decline in early March. As of March 23, the seven-day average computing power dropped to 94.3EH/s. Both BTC and ETH NVT ratios have dropped significantly, and the valuation level is low.