Yep it's unbelievable the price of bitcoin was increasing while we are at global pandemic, I guess people want to have an extra income in internet and bitcoin was their choice to earn some money. If there is no pandemic I'm sure the price of bitcoin will surge.
I don't think that's the reason why a market activity is increasing. bitcoin is increasing slowly, I guess it's only natural. even after halving which coincided with this pandemic, bitcoin could only stand still with little movement. I think the current conditions can still be said to be reasonable and there is nothing to be exaggerated.
Covid-19 affected this market in March and it was a very bad time so I am sure this pandemic will have a huge impact on the price of Bitcoin. Currently, things have changed a lot and Bitcoin prices have risen higher than in the previous months, so this is a sign that the crypto market will definitely be a promising market. I think if there is a vaccine, this will be news that will cause the entire economy to change and the price of Bitcoin will probably go up very high.
Correlating crypto market on current worldwide condition cant really be avoided but doesnt mean that it do dictates out on what do happen with Bitcoins price. We have seen that its almost no effect even if we are
on the pandemic situation which signifies that it isnt really that connected from time to time.If we do check out traditional markets then we do saw that they are heavily affected by this but not in Bitcoin or into some alts that we had seen.Same goes if the vaccine had been created which i dont really expect that much that there would be a rise up after that but to know that people are already get confident in terms of investment then
there would always a possibility for money to flow directly to crypto which would be a good news.