Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?
It shouldn't have affected cryptocurrency in the first place since the industry isn't related to the general market, we don't follow their rules but since human factor still has a huge force in the cryptocurrency industry that's why fud/fear came in and gullible Investors/traders started selling their bags just to avoid losses and once the downward trend began others had to follow to avoid losses.
Manipulator in the person of whales saw it as an opportunity to play with the market to make it work in their favour so they dump theirs bag on the market just to create more fud/price dip and bought back at the dip. Everything is getting back to normal and the market is gradually recovering.
In couple of week the hype will return back since halving is around the corner. We have just about 50days left for the event to commence. The market still has some atom of doubt in it that's why it seems the recovering rate is slow although that's normal considering everyone is in panic in regards to the Corona virus development.