Coronavirus keeps getting outta hands in countries like Italy and France and others, things keep getting worse with the disease every day but I surprised me is the affectionate to crypto, it seems to stop affecting crypto already what do you think?
It also affect it when you observed carefully. We cant see the full extent how this affecting the market but, there are factors that surely related to the down fall of the market with this crisis: - People converting into fiat for buying necessary supply
- Some holders/investors pulled out due to panic selling
- Crypto isnt a safe haven for fund hedging so therefore other remains on fiat holding and own currency
Some say, whales did the downfall, but yes every factor affect the market but we cant deny that covid19 is one of them.
