As you've said the Corona Virus is affecting the global economy and we have seen a huge price crash this month when it was spreading through different countries.
I think we are done on the panic selling phase and it is now being stable the price has been around $6K for awhile and there are some who believes that it would continue to go up after the huge crash but I think that it wouldn't really happen right now.
We are facing a huge crisis because of this corona virus no one is safe unless they found a cure and start distributing it.
Yes, could that be because most of the users of the bitcoin today and investors they pull out their funds because they don't want to lose more on their funds and some of that investment is a loss because there are a lot of people make an investment on the 8k dollars and the price rapidly falls 5k dollars and this is good instead they pull it out too they need to hold those coins to save and wait for the coin becomes profitable again, to the people made earlier withdrawal use those funds to buy all the things they need like the food, mask and other stocks they can provide to their family and selves because some of the places today make a lockdown to prevent and avoid the people getting outside and becomes infected. Also, it is better to follow the rules today to avoid getting worst and we can now bring back the market price to normal.
