Whats covid-19 virus got to do with Bitcoin? Its not a computer or blockchain virus that attacks btc so why Btc crash?
The corona virus ultimately affected a lot of people around the globe, with the quarantine, a lot of people are losing jobs or income to pay for their needs especially those who have already responsibilities or family with them. Losing income leads people and possible holders or investors of Bitcoin to sell, thus, making the price of and demand for the coin to go down.
But, these days have shown a significant increase in the price of Bitcoin, wherein, we could conclude that it is gradually recovering and people starting to adopt in the crisis.