Bitcoin Falls Below US$8,000 Yet Accumulates 100 Percent Rise in Past 12 Months

Despite the latest losses, Bitcoin has accumulated a rise of nine percent in 2020, while the IBOVESPA is down 22 percent.

RIO DE JANEIRO, BRAZIL - Regarded by many as the "digital gold" that would provide protection against traditional market turmoil, the Bitcoin was unable to save itself from the global stock market crash on Monday, March 9th. Nevertheless, the crypto-currency keeps outperforming other assets on a year-to-date basis.

By 6 PM (Brasília time) March 9th, the Bitcoin was recording gains of 5.67 percent, quoted at US$7,866, returning to levels recorded on January 7th. Earlier, the world's major crypto-currency had accumulated losses of more than ten percent in the previous 24 hours. In . . .

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