Just in few days now we have been experiencing unthinkable massive market drop, it seems something happened which I did not hear off. Please anyone here to tell me what exactly happened to the market?
Thanks.
Many people says that this drop down in terms of price of all the cryptocurrencies in the market is due to the current situation of public health that is affecting the whole world which is the Novel Coronavirus 2019 that is already a pandemic virus which maybe the reason why we are all experiencing this downfall in the market. It is said that the threat on the public health is the main reason why people are getting into panic using their money to buy necessities to be able to keep themselves safe and survive this scenario. Maybe people tend to focus more into securing their health care these days than getting into cryptocurrency that is why the price is falling due to low volume of demand.