Bitcoin and cryptos contaminated with coronavirus?

This morning, the Bitcoin (BTC) price fell more than 20%. Other cryptocurrencies also posted strong declines, including Ethereum (-27%) and Bitcoin Cash (-31%).

This Thursday around 11am, the bitcoin price suddenly plunged below $ 6,200 a level that the first cryptocurrency the market had not reached since May 2019.

The crash comes when traditional stock markets are also going through a period of severe turbulence. The epidemic of Covid-19 coronavirus, now reclassified as pandemic by WHO, is progressing all around the world and worries investors.

The european scholarships, Frankfurt, Paris and even London, fell by more than 10% and trade was suspended at Wall Street after the 7% drop in S&P 500.

According to Vijay Ayyar, commercial manager for the crypto-exchange Luno, investors withdraw from risky assets and in particular cryptocurrencies.

Even if Bitcoin East compared to gold as'active refuge, it is more considered a risky asset, ”He said on Bloomberg.

An opinion shared by Matthew Dibb, co-founder of the platform Stack, which even claims that investors do not “clearly see” Bitcoin like a safe investment and that the price of the token could, in the short term, continue to fall.