The media has a huge influence on the cryptocurrency market because many people invest based on the news.
If one day there is bad news about the market, the price will definitely fall
Since people have seen the influence of media into crypto market movements, that's when they start buying or selling by basing on news. But if we start tracing back when crypto has just started, there is no big connection between crypto and media and investors only used their personal anlysis when to invest in crypto. It's just only today where big personalities have been affecting much the rise and fall of crypto price.
I agree. I see it the same way. The influence of media on crypto or bitcoin price was much higher in the past. It has also decreased with the number of professional traders that have come into the market.