Italy is already having a hard time in this Coronavirus and daily a hundreds of people is dying, Surely the virus is affecting the movement of the bitcoin in their country also their economy is also affected.
In their country it is already all about survival, I think that sudden drop could be one of the reason but we could expect a big movement as the virus continue to spread around the globe. For sure the effects of the virus was not yet seen at this time for sure in the coming month the effects of the virus would be devastating to everybody.
Yeah and I even read about the speech of their president there. The virus kinda hit them hard and even if they're 1st world country, they're still receiving a lot of infections and deaths. Surely a lot of hodlers there had decided to sell off their coins already, like total lockdown was already done there if I recall correctly at some news.