Definitely it affects the bitcoin and altcoins prices because it is the fundamental aspect of the crypto currency and news itself is fundamental factors that affect the price movement. Now a days people believe more into the news and then make the decisions of investing their money into the crypto. Thus it is widely affecting the crypto because when there is bad news then people tend to sell more thus making market go down and when it comes to the good news then people buy and opposite happens. So yeah its true mate.