Why crytos (BTC, ETH, AION...) was down so much in value?

1 answers
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Why crytos (BTC, ETH, AION...) was down so much in value?
asked
Hi geeks,

Anyone knows the reason why bitcoin was down so much? Was that simply because of the virus? Thank you so much for your info and analysis.

Crystal

Answers

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The entirety of the financial markets are in a tough spot given the corona pandemic. It can be attributed to panic selling, a somewhat over-reaction to the global crises. This is not an investment advice, though personally I think if you have positions in stocks, cryptos, it is safer to either move to stablecoins or cash equivalents to ideally prevent extreme losses given the trajectory we have seen so far for the virus spread growth vs. the reaction of the market.

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