Yes, things like coronavirus are affecting not only cryptomarkets but domestic stock markets as well. Second thing is that a recent surge in the price of Bitcoin, a correction was expected and coronavirus is becoming contributing factor to it.
From my point of view, still, BTC can be purchased at this level as we may surely see the surge in price after halving rewards event which will be held soon.
why do you think that coronavirus is contributing to correction, should not be a reversal, due to BTC seen as store-of-value, Gold is reaching new highs lately, and BTC should have similar pattern as store-of-value, or you do not think that it is store-of-value?
When a correction is expected, things like coronavirus or any other bad news become a kind of catalyst and push the correction further. Whenever price tends to go up, the market always looks for positive news to contribute to gains.