According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.
It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.
Considering the patterns in the market value of the stock market and the crypto market, we can strongly concluded that coronavirus has some kinda influence in this changes. This coronavirus problem has not just affected the stock market and the crypto market. It has affected the entire economy of China and some part of the European countries. From the look of things, the entire markets will be up again when the coronavirus is no long a problem. For now, the crypto market might continue to drop. It is advisable to hodl your crypto rather than selling them cheap.