Of course the current corona pandemic has in one way or the other affected the crypto operation globally because some conferences which were supposed to be held in favour of crypto market have been postponed till further notice.A lot of people with fear that crypto may collapse soon have started withdrawing their funds and by so doing having a negative effect generally on the market. However, there is still hope that situation of things will soon get back to normal for crypto and the market level will rise positively.We just have to keep our focus firm and remain persistent with crypto investment because the market will experience a boom very soon.
It already is positive as most alts follow Bitcoin on its way up.
We had some positive news for Bitcoin in the last 2 weeks and everyone is bullish for ETH so the rise in value can be easily explained.
Regarding the boom, I don't see it this way. The market cycles are becoming longer and the most probable year for a new market bubble is probably going to be 2022. We are already in a bull market but the cycle is going to take between 1 and 2 years.