China is said to be Japan's second-largest export destination. It has also been said that Chinese are 30% of what makes up the tourists in Japan. Cancellation of trips incoming and outgoing to China certainly affects its economy, that's why I am under the impression that Tokyo Stocks Exchange (Tosho) will drop even further. The 5-day index shows a 1.48% drop as we speak.
Having said that, we might expect them to look bullish on $BTC until they figure out where else to put the money withdrawn from Tosho. Therefore, I am not buying $BTC at the moment - instead would definitely wait for the dip. CAVEAT.
1.48% drop on Stocks does really hurt or a big thing into this market but for crypto? no it isnt. Dont know why people do keep tagging crypto into that corona virus thing?
These kind of sentiments were actually valid but it isnt applicable nor for you to presume that it will also tie up with Btc.No, these things doesnt really affect crypto prices.
For stocks? yes. . but for crypto then it doesnt matter.