Crypto market is on a free fall mode. Can someone catch that falling knife!!!!

While Coronoavirus routed every other market and swung it like never before, no technical parameter working neither in commodity nor in shares nor in forex market and the wild swing happened in almost all markets (execept crypto market until yesterday). WHO concerns of Coronavirus getting pandemic and its deeper impact across the globe is quite visible now. But crypto market was not routed by that sort of fear or aversion until now. But after watching the crypto market now I suddenly feel that(I may be wrong though), Coronavirus is now routing the crypto market too.

Crypto market is falling like anything. Bitcoin yesterday was above 8000 but today it has already broken 4000 level(in less than 24 hrs) and now trading at 3960 (at the time of writing this post). The impact of this huge fall is driving the altcoin market along with it too. We can see coins like ETH and LTC are now 90 and 25 respectively. EOS has already broken the historical low of 1.51 and now trading at 1.44. Who is that brave guy who can buy it now???(Not a financial advice)

STEEM is also at a historical level for obvious reasons and now trading at 0.091 USD per STEEM. So the fall continues since yesterday and I dont know the exact reason for the broad based selling of crypto across the board, but I guess it is Coronavirus pandemic effect. The intensity is so high that the historical level of many coins have broken.

It will be interesting to see how the historical level of BTC(2990), ETH(74) and LTC(19.2) will behave. If they will be broken then certainly that will be all bad news. But one thing to admit those who have not hoarded the cryptos it will be interesting to see this movement and equally an opportunity for all of them.

But for future market it is really interesting, those who trade in futures can make money even in theses conditions- in fact this is most ideal way to make some quick buck. So for futures market its in fact a great opportunity as the market has opened up so wide to create that vast opportunity.

Even the USD/INR is trading at an all time high and now at 75.52 INR per USD. But the most interesting part to see in crypto market of India is that the USDT is trading at 94.00 level which is almost 25% premium of the actual USDT price.

So are these all opportunities to make quick money??? Definitely yes for one side but a big no for the other side. I don't know which side is the majority right now to enjoy those premiums, but whatever be the case it is all historic, not just crypto market but all across the board, whether it is Gold, Silver like commodities, or crude, or futures or shares or crypto. That is why I guess it is all due Coornavirus pandemic effect on the broader segment of the market and that is why the markets are swinging like any thing that they are not even honoring the historical levels and the technical parameters are even clueless right now to give a hint of the market.

Thank you.

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_{Screenshots are taken from Coinmarketcap website}