Market has crashed big as of recent and dropped to a low of $7,000 plus . I wasn’t even expecting the price to fall that much, I’m surprised it did. There are lots of possible reasons as to why the price has fallen to this extent and Coronavirus outbreak is one of the reasons that might have triggered the sudden huge decrease in price.

Another issue that might have caused the price of Bitcoin to drop this low is the activities of BTC miners who have been selling less than what they mine. Apart from that some experts have said the PlusToken scam is among the things that caused the fall in price. I also want to note that there have been a decline in the trade volume of Bitcoin.