In my opinion it is the low transaction rates in all aspects of trading. Because of a lot of country on the lock down. A lot of business is not moving so the trading is reduced the economy is down and the people is into rest. And scared and staying at home. I think there are chances to recover specially the bitcoin after the corona virus scare is over. I think all we should do is to wait. And be read we should take care of our self and our family. And just hope for the best.
But what is very visible at the moment is Fear of the corona virus, which causes factories and large companies to stop working, plus more because of the sale of bitcoin in large amounts, so that it makes all the prices of altcoin and bitcoin decline very large in the market.