Yes it will, in fact news and information about crypto currency is what makes the price goes up or down. It's one of the reason why the price suddenly drops because of the FUD news causing panic to investors and traders to cut losses or convert to USDT. Information is one of the main point affecting the market price.
Yeah panic selling makes the price down which is not good so I think all investors should hold their bitcoin not to sell, now it is the best time when all of us are having it and holding with patience, internet can be lose but it will not be an issue as in whole world almost every system is based on internet and we really need it now to run our systems well so it is the only reason I am not scared of it at all.