Bitcoin isn't at such low prices now because people don't realise it's the better alternative to cash or any other type of money, for that matter. It is down now because economies are down.
dumping by the plus token scammers, combined with the coronavirus FUD, created a selloff of epic proportions:
And I would add on to that all the already deepening economic woes with actual commerce slowing down, trade deals being cut, imports up and exports down. Just looking at the small microcosm in my home town, without the coronavirus, the signs were already showing. Suppliers not bringing in as much or as high quality, tourism numbers dropping, exports down. Then COVID hit and everything went to literal standstill.
Who wouldn't be selling their crypto to buy food?