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,
I believe that is January 28,2020 and not 2019?because in that date Bitcoin falls at $3000 level so better edit that part 😂
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.
Because the people that formerly holds bitcoins starts selling their fund and convert to fiat for the reason of being scared of the effect of this pandemic ,and i know many of us here relates on this as majority of us make withdrawals when the dump starts happening.