Think it is all a panic response to the Coronavirus problem. In Japan all the schools, playparks, etc are shut and everyone isn't going to work. Means things are not being made as people lock themselves up indoors. The markets will bounce back tho. Hedge funds have made a fortune though.

Crypto hasn't done that bad compared to stocks. About 10% on the week compared to stocks around the 25% mark. Crypto is recovering too.

The slowdive does prove one thing though ...Bitcoin is not digital gold. it has seen a larger fall than the market as a whole.