Analysis: negative correlation between discussions on coronavirus and Bitcoin price

Relational data platform Santiment tweeted that it is undeniable that the new coronavirus (COVID-19) did have an impact on the cryptocurrency market. There is an ongoing negative correlation between the discussion of new coronaviruses and the price of Bitcoin. On platforms such as Telegram, Reddit, Pro Traders Chats, and Discord, bitcoin will fall whenever discussions about emerging concerns about viruses surge.