Corona Virus effected in the cryptocurrency not agree to relate that. After corona virus market can be down trend but what's reason to bull run. No relation between corona virus and crypto market, i think it happened coincidentally. From this time market is going up that means after this situation market will go downtrend? China is huge affected in specially their economic and different sectors.
I think there's a connection between the coronavirus and the crypto market after all. At least with bitcoin. If there's an epidemic in China, the course could grow as many users of the crypto market. And don't forget that over 60% of the farms in China
I am not sure whether 60% of the mining farms are located in China or not. But as far as the hash rate is concerned, almost two-third is concentrated in that country. But the proportion for the number of farms will be lower. Because most of the farms in China are giant-sized, with heavy hash power. Anyway, I am not noticing any significant decline in the hash power for any of the major cryptocurrencies.