What is going on in the crypto Market.

[gurunanakji777]

Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??

[Istiak]

Maybe its the virus or maybe its the whale. Maybe they are trying to crash the market before halving so that they can buy cheap before another bull run. Most of the traders are surprised like you and me. We thought that the small bull run will run for more time before next btc halving. It looks like market manipulation.

[Alcor]

Maybe its the virus or maybe its the whale. Maybe they are trying to crash the market before halving so that they can buy cheap before another bull run. Most of the traders are surprised like you and me. We thought that the small bull run will run for more time before next btc halving. It looks like market manipulation.

It seems that this is still manipulating prices in the cryptocurrency market. The cryptocurrency market cannot react so negatively to the spread of the coronavirus epidemic. Here, for sure, someone is working to lower the market. Now, according to CoinMarketCap, the price of bitcoin is $ 6,128, and ethereum - $ 141. This is just unbelievable. However, do not panic, all this is temporary.

[Octoalts]

Today's big drop is part of Cryptocurrency price fluctuations, nothing to do with the Corona virus.  This is precisely the right time to invest and buy coins of our choice.

[bittraffic]

It just prove the btc or cryptocurrency isn't a safe haven still ini times of recession. stock market is also plunginig.

[Paha87]

The market presents surprises)) Many were shaved and many came out unable to withstand the onslaught of bears. How do you guys behave in these situations?

[Bobcrypto]

Crypto Market is crashing. Is this a coronavirus fear or something else that I am missing??

The current crash in bitcoin price has little to do with coronavirus, though it might have some impact in the China or Asia region, but it already a known fact that crypto can fluctuate, its volatile. I think prizes will definitely come back in few weeks from now.   

[trauchot]

Cryptocurrency is showing itself in all its glory, so always think before investing in cryptocurrency, because as you saw, the whole market can simply drop to zero in a matter of hours, but what is happening now is all because of the coronavirus and the panic that the coronavirus is causing to people.

[tervel]

The current crypto market crash is one of the worst ever losses that have hit the cryptocurrency sphere.The effect of Coronavirus has shaken the finance industry to the extent that even gold that was considered the safest haven has gone down.

[tonymillions84]

The current pandemic is too much to avoid. it is affecting both commercial and real lief stock.the world is coming to an end. business is crumbing and falling. the cryto currency lost over 20% of the profit gained in years in a single day. more loose is coming. business is crashing.  more are been expected. 2020 was not fair to us.

[Uina]

I think it's FUD at a highest level. People are dumping their coins converting it to fiat since they need to buy their needed commodities as they need to stock goods at home if ever there will be a lockdown, which is already happening in some countries where confirmed cases are in a hundred to a thousand level now.

So I guess it is a cause and effect thing. Low rates will give us more chances to buy at a coin's lowest rate, only if we have extra money to spend.

[Seerge]

Two to three years ago the Corona virus outbreak had infected Chinese society and continued to spread to several countries, and now almost all countries in the world are alert.  The price of bitcoin has fluctuating nature, which means it can change quickly at any time, and the current decline in the price of Bitcoin could be the impact of a global economic downturn caused by Cofid-19 or Corona Virus.

[Cisco]

Wall Street stocks bathed in blood, gold and oil prices plunged, restaurants & hotels closed, manufacturers suspended... All thanks to Covid-19. Bitcoin is no exception. Be wise, gusys. How are cryptos supposed to stand strong when the whole world economy falls down.

[DogeTalk]

Big impact due to corona virus which caused the crypto market to plummet. The stock market also experienced the same thing since yesterday. I hope all can recover quickly

[Muneeb22]

All the crypto market is going to be crash and so many peoples will loss their money in this market but i am not afraid becasue i know that soon the market will give us good profit in short time soon.