It might really be an indirect effect to the market value of cryptos. Actually, it is still blurry for me. There are times wherein I do agree with the hearsays that it is corona virus which mainly affected the market condition at this moment. And by reading other people's opinion, there is really a possibility that the crash recently is due to panic with regards to the problem and not the virus itself.
It is an indirect effect of the virus until it got severe in some major countries that builds up the crypto space like China, again I would like to use the word 'underestimate' since we did not thought of it before and getting prepare for the next year coz all we did is wishing that 2020 will going to be a great year for all of us. The decline is merely due to panic that most people have felt when things are getting out of hand especially in epicenter, China but now the new is Italy. Some of us don't believe that the virus impacted the decline, coz there is no data because of decentralized but again the virus has the most possible reason why we are experiencing these things right now.