The catalyst for this steep Bitcoin fall is the same as all other industry asset classes, i.e., the extreme uncertainty surrounding the spread of Coronavirus. It has led to a global fight for cash. This latest Bitcoin fall happened a day after the U.S. President Donald Trump ordered a 30-day ban on all visitors traveling from Europe. This further propagated the U.S. Federal Reserve, working with U.K., Japan, Canada, Switzerland, and the Eurozone to shore upon financial markets with a massive stimulus.