The market is manipulated not only through speculation but also through marketing mechanisms. The "war with the crypto" that unleashed the whales of social media is also one of the factors
the majority of the crypto investors are more sensitive in most cases just like exploiting the reactions of dropping Bitcoin's price value through publishing fake news and articles on mainstream websites where people subscribed the most.
recently, they published that India is banning Crypto Exchanges while they're actually not so days before the correct publication - Bitcoin had dropped dramatically and today Bitcoin struggles to get back up as it's lying on around $7,000 for more than 6 weeks now.