Bitcoin's price has crashed due to several reasons and not just because of the covid-19 alone.
The plus token scam and dump might be one of the major reasons for this dump.
I agree with you, but even if the scammers did not dump their token, we will still see this dump because of the covid-19 has already become a pandemic, people panic, it's a normal that we will see a dump but maybe that this huge.
This is the reason of the big dump, whales manipulating to cause more panic.
It could be the whales manipulating the market and ride with the current pandemic.
Nevertheless, covid-19 just caused too much panic for the people to choose the needs to survive rather than diversifying a budget for investment.
In the face of such a problem that the whole world is facing today, in my opinion cashless payments for each person should be a priority. Based on this, I believed that cryptocurrency would be very much in demand not only as an investment in order to minimize the risks of falling prices in markets in different directions, but would also use it as a means of payment, and at the same time, the demand for cryptocurrency should increase it cost. But everything happens in a completely different scenario. I believe that all these problems and panic were exploited by speculators and scammers who are trying to make money due to the current situation in the world because of the coronavirus.