Bitcoin in the face of the threat of coronavirus is better than the stock market

Trading on stock markets ended in decline this week; the world's leading business indicatorsactivity updated minimum values.

For example, the American indices Dow Jones andBased on the results of the last session alone, the S&P 500 fell by 1% and 1.8%, respectively. Brent oil fell 9% and began trading below $46 per barrel for the first time since June 2017.

With the ongoing epidemic of coronavirus, panic in the camp of investors is growing, which led to a drop in business activity in the global market.

In this situation, Bitcoin looks very good. On Saturday, March 7, BTC rose to $9,105, with its market capitalization now at $166.239 billion.

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According to an analyst at the Canadian company SecureDigital Markets By Mostafa Al-Mashita, Bitcoin's current position is encouraging. The coin did not decline along with the rest of the market and is holding its position, and this is a very good signal.

Along with Bitcoin, gold is also rising in price. Last Friday, a troy ounce of the main precious metal closed trading at $1,674.

Swedish trader Henrik Kugelberg notes:

&#171;I believe that gold and BTC are safeharbor Since the coronavirus has just begun to spread, I believe that the crypto market will continue to grow until the miner rewards are reduced [the May halving]. I think we could hit an all-time high within six months this year.

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