Bitcoin Ends Q1 Down 10%

[haruki]

Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities.

For the full quarter, the Nikkei 225 was down 20 percent, the worst three-month showing for the Tokyo-based index since 2008. The FTSE lost 14 percent for the period, its second-worst quarterly performance ever, beating only the fourth quarter of 1987. The S&P 500 was in the red 18 percent to close out Q1 2020, its worst quarter since 1938.

Cryptocurrencies operate 24/7 and don't have quarters for closing the books. However, bitcoin, the market bellwether, was down just 10 percent for 2020’s first three months.

▶ Sources : Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis [nofollow]

[Istiak]

At the start of this year, the market was very good. It shows a very good movement upward every one thought the market will go up strongly. But these epidemics cause a very bad impact on the market. But I think it's stable now and we will see a very good comeback after halving. World economy crash so I think it's normal for crypto too.

[trauchot]

From the very beginning of 2020, bitcoin proved to be very good, but unfortunately, due to the corona virus, of course, the price of bitcoin fell sharply, but let's hope that before bitcoin halving, bitcoin will again show good growth.

[Confero]

The biggest decline of Bitcoin was when the Covid-19 Pandemic hit the world.  This caused the world economy to fall, and finally this affected the price of Bitcoin.  Fortunately, the price of Bitcoin can rise even though the Covid-19 Pandemic is not over.  And my prediction, the price of Bitcoin in the second quarter of this year will not be much different from the first quarter.

[Senin]

Well, a ten percent drop in the first quarter is still good for bitcoin. It may be that these are even the peak of the cryptocurrency market crash. If the forecasts that this month there will also be a peak in the spread of coronavirus come true, then soon we will be able to see a good growth in the cryptocurrency market.

[Master107]

Domino effect of economic crash of every nation around the world. That's what covid-19 can do than attacking human health. The spread of virus is fast and exponential growth in just 24 hours. The pandemic the human race is facing is damaging the world and human family. I believe cryptocurrency will not stop just because of this pandemic and of course bitcoin will increase again this Q2 or in Q3, and Q4.

[Bobcrypto]

As a matter of fact, bitcoin has the potential to rebound and I always advice every bitcoin enthusiasts to be courageous and invest without fear. Despite, the ravaging corona virus pandemic diseases spread around the world, everyone serious investors and traders in crypto should invest now when the prices are considerably fair whether in the second quarter or third quarters.of the year.

[tonymillions84]

Bitcoin has made good make movement. what is left is the halving that will happen this next month. with that left. i doubt that will be any other movement for bitcoin. this been said, the faith of bitcoin lies on the hands of traders. if not the bear market will wipe the crypto market badlly.

[Noverteno]

If it weren’t for the appearance of coronavirus, bitcoin would probably have now had a price roughly double that of the current one. An increase of only ten percent in the first quarter, this is very small. However, against the backdrop of other markets, this is relatively good. So far, the growth of the cryptocurrency market has been significantly constrained by the coronavirus pandemic. However, the second half of the year should be significantly better for cryptocurrency. Even if, after this, a global economic crisis sets in. It can only lead to a new wave of price increases in the cryptocurrency market.