Despite facing multiple headwinds, the cryptocurrency market is still moving forward on March 23, despite being challenged on many fronts. Global conflict, increasing inflation, and general economic uncertainty all have a significant impact on the financial market at the moment and highlight the importance of diversifying your portfolio.

Altcoins have gained ground recently, led by Ethereum the most popular smart contract platform. This allowed them to climb back up to the $3,000 support and resistance zone where bulls were fighting for control.