Covid-19 virus recently caused the crash of btc over a week ago?
It is said that Covid can't really affect the Bitcoin price
There might be some that panicked because of it but as far as I know, the PLusToken scam majorly affected the fall and coincidentally, it went together when the pandemic is getting worse.
Government saying this virus hype can last till next year, meaning Btc crash will be sustained to new lows this year similar to a virus bear market till next year when the virus fear hype is over?
I don't think that it will last that long.
From the drop to $5K, now we are looking at the price of $6K. Ever since it reached that price, it is not going down and not that going up either so maybe before the halving, we will be starting at the price of $6K.
Will Btc halving this May coming will get us out of this virus bear market?
We don't know.
But the thing about the halving is that it will obviously affect the price of Bitcoin positively.
Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?
The stock market is majorly affected by it.
I think investors thought that Bitcoin and other cryptocurrencies will also be affected that is why some investors already sold some of their BTCs for the dump, and it happened and thought it was all because of the virus.
In global recessions/depressions/global economic meltdowns people turn to gold/silver and digital gold such as bitcoin so why bitcoin crash and gold market not crashing in times like these?
It did crash but it is affected.The stock market is affected and I don't think Gold be an exemption to that. It is a debate in the past whether Bitcoin is a safe-haven investment or not and I think it is not a safe-haven. Might not be even a store of value.