As soon as the virus have been confirmed and had spread across globe, infecting a number of people from different countries and still increasing in the present, the value of Bitcoin have been struggling to retain its former price; its highest price for this year 2020,
How about we are just happy now that bitcoin did not dump, when we make a report for comparison, we usually compare the beginning price of bitcoin to its price in the year end, and thus far, bitcoin price is now at the range of its beginning price this year which is $7k.
this problem causes confusion and considered to be as a crisis for the stock market and to the business enterprises around the globe. But, from the end of the month of March up to these days have shown a considerable amount of development in the Bitcoin's standing, ranging up to $7,000 value from last month's $3,500. This would only show a recovery if it would continue up till the end of this month and to the next. As the month of the halving approaches, the future of Bitcoin is surely promising, we should hold as far as we can before it is too late.
True, it's a real recovery because the price increase was significant, and despite the fact that we are seeing some bitcoin dump movement, but it was quick to recover, so we can tell that bitcoin is quite strong despite of the situation of the world that there is a global crisis.