With Coronavirus (COVID-19) having a significant impact on financial markets across the world, Bitcoin has remained resilient despite a 50% decrease in mid March. Since then Bitcoin has rebounded to almost $10k in a relatively short time. 

Graph courtesy of DealAid.org. 

So why did Bitcoin rebound that quickly? Halving hype definitely had something to do with it but investor sentiment of buying Bitcoin when it's down 50% probably had an even greater impact. While number of cases and deaths rose significantly outside of China, so did the price of Bitcoin.

Another factor could also be contributed to US government printing trillions of dollars and implementing relief programs to support American citizens and the economy as a whole. You can visit US government website to find full details. With so much fiscal injection happening, Bitcoin's narrative of limited supply also played a role in its resurgence towards $10k.

So what does the future hold and how will Coronavirus continue to impact Bitcoin price? It's very unlikely that Coronavirus will have a significant negative impact on Bitcoin's price as many large economies continue to re open. With Bitcoin halving in play, 2017's $20,000 mark might not be out of the question in the short term.