So does or doesn't the coronavirus influence the price of Bitcoin? When the outbreak started in China, the price went up quickly. Many people said that investors were selling stocks and buying BTC and gold to protect their money. But now that the virus is spreading in Europe, the price of BTC is going down again. From $10k it plummeted to $8k.
Apparently this happened because founders of the scam project PlusToken offloaded their BTC holdings. This shows that crypto prices aren't really determined by the stock market and politics.
Our upcoming update will include a price forecasting tool that will help you trade profitably even under strong volatility stay tuned!