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In the digital money segment, the latest update is that the digital coin Bitcoin seems to have all and less than major US equity indices in the first quarter of 2020. However, despite the fall, it still has proven to be on the higher side in the market making it in the safe haven zone in the tough times of the market. In the first three months of 2020, the cryptocurrency was seen falling by 10 percent despite the bad market due to obvious reasons. But on the other side, Dow seems to have secured even the worst in the first quarter of the performance ever thus losing not less than 23 percent of its value in the first three months of the year.

Meanwhile, looking at the other side, the gold has gone up to 4 percent of fall in the first quarter. As per several Financial markets, the first three months have gone volatile with the coronavirus outbreak as things turned into pandemic. As the world is witnessing this outbreak, hundreds of thousands of people are seen getting infected around the world, which has further hampered the business in a very bad way. All the businesses shutting down, and we see the major travel restrictions restricting people staying at home. The economic impact one can see is intense and has witnessed a huge sell-off in stocks despite the monetary policy action coming from central banks and the fiscal stimulus seen coming from governments all across the world.

In the first quarter, the Cryptocurrencies have witnessed huge volatility. The last month has seen the entire market getting sold to the entire market by taking a plunge in the oil prices. Then came 12th March when the cryptocurrencies market witnessed 93.5 billion USD getting wiped off with their value in a day or so and thus giving the 48 percent of crash in the price of bitcoin. Since the past few years, the Bitcoin has been linked to the digital gold and thus one can see them entering in the safe haven asset when it comes to investing in the market under the pressure. 

In the past few years, the Bitcoin has behaved like a digital gold and thus has proved like a safe haven asset when it comes to investing in the market even under pressure. However, it has not played any way by playing it out even when it is seen falling less than the major stock indexes. Those who are seen in the cryptocurrency industry, however, have the feeling that this could be called as the start to shift. Bitcoin can be called as a smaller asset class when it comes to boosting up with the uncorrelated thing as far as the traditional asset classes are concerned and this becomes the process of being established as we speak.Hence a majority of experts and media analysts feel that the current market environment has come out as a big test for Bitcoin and offers a young base when it comes to asset class.