| Summary: | The pandemic has caused enormous economic costs by affecting banks, governments and
financial markets. In this context, the main purpose of this paper is to show that cryptocurrencies
have become one of the most traded financial assets in the last decade.
The overall objective pursued in the paper was the major effect on the global economy and
financial markets that the COVID-19 Pandemic had and which was the first real global shock since
the first cryptocurrency was launched in 2009 until now. Natural disasters and pandemics are a
source of contagion in global financial markets and an emerging line of research. Financial
contagion can be the result of both financial and non-financial events, but in both cases,
assessments require defining a timeframe.
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