Bitcoin Deflects Coronavirus Crisis, Soars 72 Percent in Semester

Despite the sharp drop in March, the world's largest cryptocurrency rebounded quickly and was one of the best-performing assets in the semester. Analysts believe in further highs in 2020.

RIO DE JANEIRO, BRAZIL - Despite the perception that Bitcoin is unrelated to the other players in the financial market, the world's largest cryptocurrency was unable to escape the panic that struck investors in March when the novel coronavirus pandemic exploded. But the crisis was short-lived.

Starting in 2020, continuing last year's uptrend, Bitcoin in dollars rose by more than 30 percent in January alone, recording its best first month of the year since 2013. But that good mood gave way to great stress from traditional markets as Covid-19 began to spread around the world.

That led . . .

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