This is a possible reason for the fall of the market, but I think that the reason is not only one. Some people may have sold their assets for self-saving against coronovirus, but I wont believe that its as much as 3%
it is not in line with consideration that BTC is a store of value, Gold is going up, and i do not think that this is the reason for BTC to go down, it is a correction after fast rise since new year, coronavirus is probably slowdown the correction, that was inevitable, and it is part of the process to go up...