I read the article, it is a compilation of what happened in February of news and not from events that led to the change in price, even the events that led to real changes were not mentioned.
I agree with you. In my opinion, the curated articles in the blog post didn't attribute to the the bearish market we saw in the later part of the month of February. The pandemic itself didn't directly affect the market – It was fear. A lot of people panicked because of the pandemic. There was a growing need to "stock up" due to lockdowns.
It started from oil, moved to the stock markets. Crypto wasn't spared. Bitcoin even touched $3700. At the end of the day, one thing is clear – Bitcoin might not be a safe haven but it plays a pivotal role in today's financial market especially in a pandemic like this where banks are closed. It can facilitate borderless fund transfers and can be used a a payment method for micro services even for paying remote workers.
The direction of the market is still unknown as the pandemic numbers are still on the rise. More could unfold in the coming days.
