PlusToken is a altcoin? Whats it gotta do with btc?
It was a Ponzi scheme. They collected money from investors in the form of BTC and ETH. When they exit scammed last year, they started selling off their BTC holdings. This increased market supply and has been pressuring the price down. Read this article:
PlusToken Scammers Didnt Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin.Does it really take a virus trigger to bring the stock market to correction after its been over inflated? I thought in markets when something goes up it must come down like a roller coaster naturally like gravity without a need for the virus to do this.
Bad news can trigger crashes. It's not
required but it certainly helps things along. The pandemic has ushered in grim economic numbers (GDP contraction estimates, unemployment estimates).....what would you expect to happen?