Of course it can. There are a lot of falls news on TV or in the internet that effects not only on cryptocurrency market but on ours minds
Mass media information affects our minds a lot. However, I suppose that the panic sellers can easily change the situation on the crypto market for worth.
And this has been happening since long time. We have to understand that things we do might be disturbing to our environment. And likewise here in this world of bitcoin, our little error or mistake can make a big losses. People always lose their mind whenever prices are slightly going against their mark. But for your own good, strong mind with strong patience skills always work out.