Fomo and fud help the market to move. But it is up to the market players who will react to the given news. There are many existing news that may trigger our emotions and instantly go to the flow of the market. Specially if its a big catalyst. Well, considering the fact that it might be a fake news or bumping a news just to give fud the people. We have also try to reverse their idea. We can buy during the fud and sell when it rise again. As of the moment, btc is kicking the market.