The reason why the stock market and the crypto market is falling because of the well known Covid-19 pandemic situation.
It's not because of any under performing asset or something. People are treating it as an investment and just because the situation is getting worse day by day, people are taking out all their investments whether it be stocks or crypto. Atleast, that's what I think is going on in the current market.
It's not crashing because of the virus. The virus has infected only a few percent of the world population and is expected to kill less than 2% of the infected.
Every year more people die from smoking cigarettes that this coronavirus will kill.
The markets are crashing because people fear the unexpected. They feer quarantine and border shutdown. They fear their workplaces and stores closing. They want to have money at hand for sudden expenses.
@pixie85,
sure bro,
FEAR, now their fear is yielding the expected result
