What is going on in the crypto Market.

[Andruha1993]

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

Nothing is crumbling yet to come. I mean the bulls are coming soon. On the contrary, it seems to me that coronavirus is not an obstacle for the cryptocurrency market.

[Luckyperson21]

Yes, this is due to the coronavirus effect. All assets decreased, not only crypto. gold, oil, and others also fell. The circulation of the world economy becomes unbalanced. The dollar price is high.

This is for our future learning. If there is something that makes the price of crypto and others shake, we better secure our assets and buy them at low prices.

[ShadowCrypto]

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

[Amir77]

This is because of the pandemic. Even though crypto is decentralized, it somehow reflects the economy of the market. But you do not have to worry about it, it is just temporary.

[zendicator]

Its just another day in crypto. We experienced a huge dip last month and we can now see that bitcoin is slowly recovering from the last dip. Its a good sign because we are approaching in its halving next month.

[hushpupppy]

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

It has recovered efficiently and now in stable modes, so the market is well ready for the halving coming soon.
So we must continue to do our own research and follow market trends so as not to be left out completely.

[bigcash2011]

That was simply because of panic in the market developed due to coronavirus spread and everyone was worried of getting the virus so they cashed out causing the crash. I think with time everything will be back to normal.

[tonymillions84]

the World economy has been printing fiat money to save the current economy from deflection and poverty increase. meanwhile The cryptocurrency sector has also been printing more USDT, USDC and TUSD to safeguard the cryptocurrency sector. it is neutral effect. everyone is trying secure its sector.

[Gyrgen]

It became very curious what happened? Personally, I did not find anything so extraordinary. Everything works, the only thing I heard is that the resource is going to change its owner.

[Cryptoz]

It has recovered efficiently and now in stable modes, so the market is well ready for the halving coming soon.

Yes, I agree that crypto market was quite stable in last few days. Even if there was a decline in price, it didn't dropped so hard. And there was no big increase. I suspect there are many whales who are preparing to trade after halving schedule. I doubt crypto market won't rise up unless decreasing big.

[Felsa]

The cryptocurrency market has been affected by the corona virus though by a little percentage, I think the cryptocurrency market will be safe for use since most of the governments are abundoning the use of cash money as a means of reducing the spread of the corona virus, so many people will be joining this market hence it will grow rapidly.

[aji678]

precisely until this moment crypto continues to crawl up. maybe this is related to halving btc in the next 2 weeks.

[tonymillions84]

the bitcoin halving has been the sole reason for the bull market. we might expect a tremendous market fall when all these things are over. people thends to rush to the market to buy more bitcoins in other have a share of the coin before halving. investors should be aware of the impending price fall after the halving.

[Andruha1993]

Looks like the corona virus will affect cryptocurrency too, I think that price will fall a lot, because people will need money and will sell Crypto, what are your thoughts about that?

I think the opposite. People will invest in cryptocurrency. Since some are afraid that through paper money they might become infected. Therefore, it is easier to buy everything through cryptocurrency. But I could be wrong.

[shadowdio]

people panic selling when announced pandemic that is why the market was crashed but now seems the market is trying to recover, hope bitcoin can reach 10,000 dollar price in the halving.