Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoins current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a
rapid growth in the stablecoin demand.
Firstly Bitcoin falled from 9000+ not 8000, I used my USDT to buy Bitcoin back at 9000+ because I thought it's not coming down, I never thought that Coronavirus can affect crypto, my mistake, many are Opting out to stable coin to cut loses that's why stable coin is the best option right now