Riding the Waves of COVID-19: How the Pandemic Shook Up Financial Assets like Bitcoin, Crude Oil, Gold, and S&P500

Abstract

Throughout the world, COVID-19 has infected millions of individuals and killed hundreds of thousands of people. In the context of the COVID-19 pandemic, this study explores the relationship between health-related news patterns and how those changes affect various investment opportunities. With a particular emphasis on the cryptocurrency (Cryp) market, Bitcoin (BC), the commodities market (CM), the gold market (GM), and the stock market S&P (SP) 500, this research examines their relationship as the epidemic progresses. Rigorous statistical analyses, including correlation, regression, and ANOVA, were carried out using secondary data from the WHO COVID-19 global dataset and financial data from reliable sources, covering the period from January 2020 to December 2021. According to the findings, COVID-19 While the results initially showed a significant negative effect of COVID-19 on certain investment domains, they also show a positive trend.