the thing I hate the most is Fomo and Fud. this happens many times and causes panic.
the market responds very quickly and social media contributes to it so the market responds quickly.
This just creates the temporary instability in the market but the real reason is lot of sources were tryig to supress the crypto market so they are involving in the price manipulation and breaking the trust of the users and making crypto as very very risky investment.
news becomes a powerful tool in creating market movements. of course there are pros and cons for the development of cryptocurrency, for those who are contra, of course it makes the atmosphere uncomfortable, where investors' trust is explored so that the cryptocurrency loses its energy