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,
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.
at first yes it is not Corona who makes the Bitcoin price because the Virus has been in effect from December 2019 but its just this month makes this pandemic the whole world so the effect in crypto market is just later felt.
from March second week the Virus becomes Pandemic and the death toll comes very Huge and now is making people quarantined in their own houses and made also panicking from this infectious virus.