Guys, hey.
Can someone explain clearly how the virus affects the cost of bitcoin? I don't understand enough. But not as well as I'd like to.
There's no direct relation between the drop in the BTC price and the virus. It all still depends on the supply and demand and the trading activities of every exchange.
It just that people need more cash to buy their needs amid the covid and it cause panic buying on goods, and some sold some of their holdings, while others panic that they would lose when it's dumping, so they as well sold as well as it become the trend at that time.