Amidst global coronavirus fears and plunging mainstream markets, Bitcoin (BTC) trading has remained largely unchanged, according to CMT Digital caput of trading and business development, Brad Koeppen.

"Bitcoin trading has not been that different," Koeppen told Cointelegraph in a March 31 email. "Volatility and volumes saw an uptick as BTC sold off with the traditional markets only high volatility is aught new in Bitcoin."

Koeppen likewise referenced the problems seen on exchanges around the time of Bitcoin's massive drop between March 11 and 13, noting that this is "aught new" in the crypto space.

Has Bitcoin decoupled from traditional markets?

During Bitcoin's massive dive in the beginning half of March, the coin seemingly moved in sync with selloffs in the mainstream market.

"I am non surprised that Bitcoin traded in line with traditional markets during this crisis," Koeppen said. "Liquidity is at a premium so people are selling all assets, including Bitcoin," he included, adding:

"Sometimes Bitcoin is the only market that is open so there accept been a few moves in Bitcoin that did not coincide with a movement in the traditional markets but I expect Bitcoin to have low or no correlation to traditional markets in the long run."

Over the past couple of weeks, Bitcoin's cost has moved somewhat independently from the overall bleedout endured by traditional markets.

How does all this play into Bitcoin's upcoming halving?

Bitcoin is expected to complete a halving outcome effectually May 2022. Some folks see the upshot as an indication that prices will before long increase, noting that the halving inherently means a subtract in the number of new coins regularly entering the ecosystem. Historically, the nugget has indeed risen in price following previous halvings.

Electric current global coronavirus fears, matched with traditional market place dubiousness, however, could factor into upcoming developments.

"The halving is a highly anticipated moment in Bitcoin's lifecycle," Koeppen said. "I do not have a view on the cost direction leading upwards to the halving simply I call back that there will be increased action in the markets," Koeppen added, explaining:

"Bitcoin markets are full of speculators and the halving will bring out more than participants looking to speculate on the price; this could atomic number 82 to prolonged volatility in the markets. I think the halving will have a positive impact on the price of Bitcoin in the long run. I don't think the event itself should have a major touch on cost."

The manufacture holds a mixed bag of expectations for the effect. Many note that Bitcoin is a much more mainstream asset than it was during the previous halving iv years ago.