Dow jones just ended the longest bull run in history which turned into the fastest run into a bear market (18 days) since 1931.
Crypto is also experiencing a major hit with blood red numbers all over.
It is obvious that Corona is the reason behind it (with a extra spark from the oil turbulence this monday)
The world i going into panic mode with flights cancelled from Europe to the US, Italy in lock down, social gatherings stopped in a number of countries.
Read in a previous thread "Do not blame Corona", how could you not?
What other drivers would that be?
I do not see this being over soon, the question is if the financial and crypto market already included that in the current price levels or if we will continue to freefall?
Millions of dollar product is getting worthless because can't possible to deliver in right place. Not only Italy, several countries are now in lockdown. Directly all blame only deserve this Coronavirus. China did take the best steps and success, so sooner or later all country will recover. That time we will see how easily cryptocurrency recover every situation.
