Too Long; Didn't Read
Markets are driven by fear and greed, and fear tends to be more contagious than a simple pandemic, as you can catch it online as well. Markets often tend to behave irrationally, but it is frequently said that “markets take the elevator down, and the stairs back up” Value investors believe that crypto and blockchain is the future of banking, insurance, technology and financial systems. Seasonal and holidays play a role, particularly in crypto prices. Western investors in Asian nations tend to sell off towards Dec-Jan and then the market slowly recovers into March-April.