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.
so even what you say still it is the Virus why people starts to Panic because this starts to spread world wide that time .
imagine from China the Corona starts growing in all parts of the world that's why Holders reacted and starts selling their Holdings.
added those manipulators that sells all theirs to make the market more shaking and make weak hands crazy afraid of losing more.