We are not sure about this, but so far the Bitcoin price has not been affected in any way. The price increased to $7,500 and since yesterday it has remained stable at that rate and has not made any other big move yet, but remained at the same price rate. Maybe the oil price affected Bitcoin earlier this year when the price dropped, but right now it is not affecting Bitcoin and I don’t think it will again. I am not sure even sure if it has affected Bitcoin in any way at all.

I only believed that Coronavirus affected the price of Bitcoin and not oil price, but some have claimed that oil price was part of what led to the fall in price. And some also claimed that the PlusToken scam was also part of it. Right now the price is on growth, and it’s likely to keep growing.