Bitcoin's market value dropped under $4,000  which was from a market price of  $9,000 on the same week before the crash happened. The digital currency had been trading near the $10,000 level in mid-February. The slide began later in the month alongside global markets reeling from the quickly spreading coronavirus.



At first I did not believe that there is a correlation between the market price of cryptos and the virus itself because the moment it caught the attention of the 'masses' there's nothing much of a movement in the market value of cryptos. But things have changed when the virus was classified as 'Pandemic' by World Health Organization,in March 11, as reported in CBC News. Consequently, the market price of cryptos fell in March 12



China to where this virus started, is showing signs of recovery or having a better condition compared on the previous month. As cited by 'Los Angeles times' , The number of newly diagnosed patients has dropped to around 25 a day, with no cases of community spread reported since Wednesday. As per CNN, on their article last March 19, the situations seem to be over because majority of the people have recovered, having a statistical data of 70,420 people (87%) of the cases have already recovered. While the market price started to increase a little.


Given how these two variables seem to be related, do you think the market will fully recover once the problem with regards to the emergence of Corona Virus is resolved? or there are other factors which may trigger an uprise or keep the market low-still?