COVID-19 is one of the biggest news right now in all countries (even those countries with no virus cases). Everyone is talking about this issue so you can't blame them if they think that the virus is one of the major factor that affects the price of the market. It's a world issue that everything is monitoring. It's not only the virus that causes the changes but other companies are also experiencing the decrease of the market.
For me, I do believe that Corona virus has a significant effect on the movement of the price.
indeed the reality at this time like that, Corona virus outbreaks have caused world stock exchange trading dropped quite badly, the Government of each country has implemented a red light so that people can be careful in carrying out their work activities. from this it has a direct impact on the economic slowdown in each country. the falling price of the BTC was also triggered by the Corona virus and and negative news that develops. we hope this can pass as soon as possible.
Actually, Corona has only made things worse and worse and it has made the economy of the whole world almost collapse for more than a month. I think the crypto market is also affected by this disease but not much because this is still a place that has not had a great influence on the current economy.
However, if this situation continues to last, maybe this year will be the most difficult year for all investors and everyone may face a lot of risks when investing in financial markets.