Bitcoin endured a bloodbath in the month of March and fell from its to 2 years high to a low of $3,700. However, it still managed to outperform the US stock marks in Q1 of 2020.

The financial markets all around the world experienced a meltdown as Covid-19 crippled them atrociously. The month of March won't be looked back by anyone fondly and bitcoin's case is no different. Bitcoin was hit hard, and as the US stock markets and other assets faltered, bitcoin followed a similar pattern, and that left the community bamboozled. Their faith in bitcoin as a safe-haven took a blow below the ribs.

The first three months saw bitcoin fall by 10%, from$7,200 to $6,350. S &amp; P faired worse and crashed by 20%. Dow's quarter was the most appealing ever as it fell by a record 23%.

March 12th was outlandishly awful for the crypto-world as it got slaughtered left, right and centre and lost $90 billion in its total value, bitcoin losing all its gains from when the year started and toppled by almost 50%.
<h2>Bitcoin Bounced Back But US Stock Markets Struggle Continue</h2>
Bitcoin, however, restored some of its bites and fights back and has now been able to recover some of the catastrophic losses and also managed to detach itself from the traditional markets. As the traditional markets are still falling flat on their face, in the eyes of many bitcoin is still a mainstay. The executive of Luno<a href="https://www.cnbc.com/2020/04/01/bitcoin-beats-dow-sp-500-stock-indices-in-first-quarter-2020.html"> told</a> CNBC :
<blockquote>"I believe the current market environment is a big test for Bitcoin and given how young the asset class is, it has actually held up quite well."</blockquote>
While the stock markets continue to wallop, investors stay pretty confident that bitcoin will rise like a phoenix from the ashes, especially after the halving event. Many remain optimistic that bitcoin will regain all the profits it made in the start by the end of the year.

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Bitcoin Outshines US Stock Markets Even After The Bloodbath

Bitcoin has somehow managed to outperform the US stock markets even if the march market meltdown came down very hard on it too.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Bitcoin Outshines US Stock Markets Even After The Bloodbath

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