It is very unregulated market which is very revolutionary and will change all the traditional sytems including banking, even maybe governments in some aspects so it is very vulnerable to fuds, I think in the future, fuds have less effect on the market.
With anything, as crypto continues to grow (I don't mean in price terms) it will only lead to more stability in the sector. While it's new it is still really vulnerable to bad news as people are unsure if it will ever actually make it and be adopted on a mass scale. Let's not forget that even the biggest technological revolution of the last century (at least in my opinion) in the internet still faced huge adoption issues and challenges. People are always adverse to change and so they need to be shown time and time again that they need something before they begin to accept it.