some people have always been FUDing and some other people have always been Hyping bitcoin. these days that price is making a move the both groups are actively at work! although it is surprising to me that you have only seen the hype since with a quick look at this board or on some news sites you can see that the majority of the posts are negatively FUDing bitcoin.
as for being "over hyped", the answer is no. the hype w as over about 9 months ago when the bubble burst and the price corrected itself by dropping more than 60% and the majority of hyped up newbies with weak hands who wanted to become rich overnight left the market.
now bitcoin is under-valued.
I agree with you a lot more than with the op. The way I have seen it over the last 8 months, the majority of news is negative. China banning cryptos (fake), Google banning ads, Facebook banning ads, China banning ICOs... And then come the news about some famous people predicting that cryptos will crush. Another kind of news is just appearing regularly when there's nothing left to say. I'm talking about news like 'the market lost ... billion dollars today', 'trading volume dropped ..%' and stuff. Even people on this forum used to be particularly pessimistic last spring and summer. Bitcoin used to be overhyped last autumn and I thought it was crazy and not safe. I didn't think the prices would go all this way down, though. I really don't understand why people are not buying cryptos actively now. The prices are unbeliavably good.