We just cannot disregard the fact that the recent huge downfall in the market prices of crypto happened amidst the spread of Corona Virus, which could somewhat triggered such thing. I know many people still are not believing on the correlation, I was also one with such thinking before, but maybe, it does really an effect especially the moment when the virus became pandemic that it affected different countries. Right now, there are people being able to recover from the virus in which we may look forward, as a sign of recovery, and could also be for this industry, I hope.
I don’t know what exactly is said in those articles that you read, however the world is now in quarantine. Huge areas and the people living in them are isolated, which prevents them from actively participating in consumption as it was before the epidemic. This in turn reduces the economic turnover of each cured country. It is not surprising that the epidemic caused similar events.
Maybe those are the topics which are correlating corona virus to the market price of cryptos which was believed to be not affecting one another. The assumption is due to the fact that when corona virus appeared, it showed no effects to this industry, but maybe, things are different when the virus affected many countries already, that caused havoc to some places, as well as panic.
