Bitcoin is Down
As you can remember when the virus spread at the beginning BTC price sharply reaching $9,439 on January 28, 2019, and the markets follow the BTC as always many crypto markets rose up, that means coronavirus favor CryptoMarkets first
coronavirus did not favor bitcoin. what happened in my opinion was that with the attack that the US made when it killed the iranian general people thought there would be a war and that caused the bitcoin price to start to increase a lot
But what makes Bitcoin price go down
As the spread continue people start to panic with the disease not Btc, thinking of many Negatives and some people exchange their Crypto to friendly fiat money so they can cover some emergency staff buys extra food, drinks, masks, etc, the simple view is that many sell result to cheapest sell which automatic kill the prices of an Assets.
and add to the fact that many people are worried about fighting to survive this disease which makes them not think about buying bitcoin to hold