I have seen a lot of people say what they believe has caused the price of bitcoin to fall but I don’t believe all that, though they were all trying to make points, but I still know that Corona virus pandemic is the main issue here. One person said it wasn’t coronavirus but due to the announcement that quantum computing has been discovered, then he tried to link it to what happened when the first announcement was made.
I have also seen others that said it’s due to one scam project and also because of millions of dollars that were pulled out from the market. With all that said, I still know that coronavirus is the main cause of the fall. Cryptocurrency market isn’t the only market that was affected by the pandemic.
A lot of things will consider as the reason for this declining sentiment but, whatever it is I believe we can still surpass these struggles.
More people link into coronavirus because it actually declines started when the situation becomes pandemic. May we say it was just a big coincidence or not but we have to clearly understand that the market is volatile and unpredictable, nothing we hold in order to be on the price of what we want to.
On the other hand, these changes still are nowhere to find what it causes a lot but we don't need to worry about this. It all be to resolve. Were seems not to be hopeless, in fact, the market started to move upward, this is a sign for recovery.