Bitcoin declined 3% as the coronavirus spread in italy

[Janation]

I think we should not let ourselves be affected by this article.

The fact that Bitcoin kept on staying at $10K last month amidst the coronavirus means it is not related to it at all. We are talking about Bitcoin increasing amidst the price meaning it is affecting the price positivity and then when the price fell we will be talking about the pandemic affecting the price negatively, I mean, it is just a coincidence. It fell 45% last week and a 3% fall is the main thing? No, Bitcoin is just volatile because of this fall. They can just say that it fell because of what's happening in Italy. Oh yeah, the price fell after I posted this, I think it is affected by it.

This volatile behaviors really affecting the market, negative news pays it impacts and we can't blames those who are afraid from losing money.
This decline is not because of the issue from italy but consider the major part of the world is really being infected and many people are trying
to survive from this pandemic virus.

And, no. I don't think the pandemic really affects the price of Bitcoin.

People are panicking, caged at their houses and just going out of their cages to buy essentials that could last until the pandemic stops or when the government says so. I can't even cash out some of Bitcoins right now since money remittances are jammed pack with people receiving money from their loved ones from other countries. Just read the PlusToken scammers that are putting their scammed Bitcoin into mixers, that is the real reason of that dump.

[elenag1142]

On the off chance that there's a connection between these occasions, at that time as i might see it is not exceptionally enormous. i might recommend this is often an easy amendment, or this tiny decrease was influenced by some different news that might legitimately identify with digital currencies.

[Reatim]

On the off chance that there's a connection between these occasions, at that time as i might see it is not exceptionally enormous. i might recommend this is often an easy amendment, or this tiny decrease was influenced by some different news that might legitimately identify with digital currencies.

lol the "Tiny Decrease" that you are saying is just the start because after few weeks the price of Bitcoin drops to more than negative 50% and until now the effect is indeed so don't just look at the topic but instead check the situation now.

The virus probably will lead to a lot more money printing from fed & EU so likely will drive up price of btc.

it is considered now,or i don't know if this already happen as US are planning to print more money to cover the economic fall.

[bitbunnny]

I think we should not let ourselves be affected by this article.

The fact that Bitcoin kept on staying at $10K last month amidst the coronavirus means it is not related to it at all. We are talking about Bitcoin increasing amidst the price meaning it is affecting the price positivity and then when the price fell we will be talking about the pandemic affecting the price negatively, I mean, it is just a coincidence. It fell 45% last week and a 3% fall is the main thing? No, Bitcoin is just volatile because of this fall. They can just say that it fell because of what's happening in Italy. Oh yeah, the price fell after I posted this, I think it is affected by it.

This volatile behaviors really affecting the market, negative news pays it impacts and we can't blames those who are afraid from losing money.
This decline is not because of the issue from italy but consider the major part of the world is really being infected and many people are trying
to survive from this pandemic virus.

And, no. I don't think the pandemic really affects the price of Bitcoin.

People are panicking, caged at their houses and just going out of their cages to buy essentials that could last until the pandemic stops or when the government says so. I can't even cash out some of Bitcoins right now since money remittances are jammed pack with people receiving money from their loved ones from other countries. Just read the PlusToken scammers that are putting their scammed Bitcoin into mixers, that is the real reason of that dump.

This situation with pandemic influence all parts of our lives because it has domino effect  on multiple areas. Probably in some way that affects cryptocurrencies market also but at this moment it's hard to tell exactly how and in what extend
Also, people are afraid many have lost their jobs and many will so it's understandable they need some kind of alternative for their finances. Some think Bitcoin can be solution but they are too unsecure to hold so they sell. On long term that might affect the price of Bitcoin too.

[Natalim]

it is considered now,or i don't know if this already happen as US are planning to print more money to cover the economic fall.

US have already print $2 trillion for the pandemic, and I'm not sure if they'll print again, but the amount they printed is a big amount of money.
based on the article, https://www.washingtonpost.com/business/2020/04/05/what-2-trillion-coronavirus-bailout-is-really-going-cost/

Americans will pay the price of the economic rescue package: Not in higher taxes to service the debt or higher inflation, but in a slide toward a boom-and-bust economy.

[wozzek23]

It’s obvious that Coronavirus led to the fall of Bitcoin market earlier this year. I have seen some people who keeps saying that Coronavirus is not the reason, but I am not going to believe all they say. I do know that there are other things that caused the decrease, but Covid-19 was part of it.

There are other things that contributed to the fall for sure, just like the oil war that I have seen some mention, and maybe the plus token scam. If you check, Bitcoin started falling when the pandemic got really serious, and same thing with other stocks in the market. So I don’t really get why anyone would say that the pandemic wasn’t the cause of the fall.

[Malam90]

Obviously Corona Virous has been putting negative impact on crytocurrency market. Most of the top coins also declined but has recovered slightly. Trade volume in every exchange also declined as an effect of corona because people are either silent for staying home or for losses they suffer. I hope this will will over.

[alizarosa1123]

I don't think so it's a results of the novel Corona Virus or COVID-19. Why when the Corona Virus (COVID-19) began to spread greatly in China or in several nations round the main long stretches of January, we do not perceive any dumps there while we are only able to siphon above $10,000 previously.

I truly don't perceive any association of Corona Virus (COVID-19) spreading in Italy on the continued Bitcoin dump of around 3%

[ttcsalam]

Initially it could be. However, this is not to be. The market may be a little down for any reason. However, people can not get out of the house now.Because of that, the price of bitcoin needs to rise. Because of this, everyone is sitting in a hurry to make a transaction.