As you all may know, Corona is heavily affecting the crypto market, however, do you believe that this is permanent, or will the effects be seen for the next 3, 6, 12 or 18 months?
Well, it is really true that Corona virus really affects different cryptocurrency, which makes it to be dumped, but that is really normal thing about cryptocurrency because we all know that it is volatile, which means it changes its value day by day or even seconds by seconds.
It will not be permanent for sure, bitcoin can pump again in some other days, bitcoin is really used in this situation but it is still bouncing back to high value.
Due to the need to be quarantined in isolation, people were preparing for this and therefore purchased food and basic necessities. Directly for cryptocurrency, its quite difficult to buy all this, so it was sold on the exchange and it was falling in price. Therefore, bitcoin fell to $ 5,000. Now the price of bitcoin has already begun to rise slowly. If the epidemic of the coronavirus does not last long, then it may still be good, but if the fight with it drags on, the situation will be unpredictable.