In the past few days I have heard that Starbucks will accept bitcoin to pay for coffee. This makes people feel excited and start to see the potential of the cryptographic market. But Starbucks insisted that this never happened.
This is considered a false information but in my opinion this news has helped the market have a pretty blue after the statement of Starbucks.
The fake news will create the fomo effect and most of them help the market to have great pumps
It depends upon the news even if is fake news only. If the news says only positive things about cryptocurrency then market tends to go green and it is really good for all of us here doin crypto, but if the fake news is a pessimist kind it will surely make the value and the entire market of cryptocurrency to go on dip because it will create panic for those who are not yet used with the volatility of cryptos. But I believed that after that good or bad fake news the price of cryptocurrency will all go into its normal or fair value.