Given how these two variables seem to be related, do you think the market will fully recover once the problem with regards to the emergence of Corona Virus is resolved? or there are other factors which may trigger an uprise or keep the market low-still?
If we are going with the argument that the market crash because of the Covid-19 scare, then definitely, for bitcoin to recover, the global pandemic should be resolved at once.
However, it seems that the whole global market is collapsing, and only bitcoin have bounce back more than ~50% from the flash crashed. There could be other trigger for an uprise, specially that bitcoin block halving is just around the corner.