I don't really understand why the corona virus is being attach to the price of crypto?
Why would the price of crypto drops down because of it?
It doesn't have any connection in crypto currency so why would we blame it for the price drop?
I think that is because bitcoin is about the people, the hodlers. If the hodlers keep falling sick and not able to be active to buy and sell which would increase trade volume etc, that could be a logical reason IMO .
So you say that most bitcoin people do resides on China? If we do try to look up on the number of cases on particular country then China is on the top but i dont really see the correlation on why an outbreak would heavily impact the crypto market yet traders or entire crypto community doesnt only focused on one place which means buying and selling activity is still there.Its not bad on tagging events on particular markets
yet we know that sentiments can possibly or not affect the situation.Sometimes its just people normal reaction or panic on what made these presumptions.