Because the area containing the magnetic stripes is about 4 billion years old, it is believed that the global magnetic field probably lasted for only the first few hundred million years of Mars' life, when the temperature of the molten iron in the planet's core might have been high enough to mix it into a magnetic dynamo. There are no magnetic fields near large impact basins like Hellas. The shock of the impact may have erased the remnant magnetization in the rock. So, magnetism produced by early fluid motion in the core would not have existed after the impacts.