But I don't think it has something to do with the price of oil. I cannot see a connection. Why does Bitcoin's price fall when oil price falls? In what way should they be connected?
At first my thought ws, that people who have a lot of funds invested in oilmarket also have a lot of investments in cryptocurrency. When oil price began to go down, they pulled the money from cryptocurrency to save oil price from falling deeper. That is why there was a half day/ one day gap between price drops of oil and bitcoin.
What do you think about that? Does my idea "have right to live" or it is just rubbish?