Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?
If you are asking for why bitcoin dropped during this corona virus time , IMO I think panic is part of it and also when hodlers think price is dropping and they want to sell and get back their money. This is unfortunate but I think this is what could be the reason.
Yeah the panic from the people is the very reason why the bitcoin price dumped last week, maybe some of people in here withdrew their cash when the virus spreading gets severe and other countries are situated in lockdown and quarantine. I hope $6K is the lowest we could go down this year and the halving event will give us something huge. I also firmly believe on our strong hodlers and believers, I salute them for frontlining the price resistance.
Actually we may see a little more downside as the crash was mainly due to cash a lot of people facing cash crunch because of the reduced wages or business so they are forced to sell their savings assets like stocks, gold, and BTC as well. As it may continue further as they condition is getting even worse now