News has always been one of the most important points for crypto pricing. One news can up or dump any coin and make the market crazy. Cause it's all about supply and demand that are dependent on what happens in markets, countries, governemnts, etc.
I agree that fundamentals are also a factor of coim drop and rise but we should not always depend on it. We should also look on the other side of crypto which is the trading. Lets make it a double reference and not only rely on some news that are created to fud and shill the market.
When the news about covid has been seen, we experience a huge down fall right? But its due to the reason of supplies and people needed shelter for their needs. However does this news make it really go down? How about those manipulatimg the trading on exchange? We should also consider that in my opinion.