...News like central banks decisions and financial crashes do not seem to hit crypto until after a while.
After the decision of the Chinese government to ban mining and cryptocurrency was made public, the market immediately reacted to it by lowering the price. This suggests that any news, positive or negative, affects the price of the cryptocurrency and you can expect a pump or dump accordingly.
Not all the time but most likely this is really the case been happening where market is highly reactive to news this is why people are really very keen on looking for these kind of information
specially on upcoming events but most of the time where news pops out from nowhere leaving lots of questions in mind on what the heck happened?
You should really be mindful on times like these because market is highly reactive to market neither it would go up or down depending on the sentiment
if its positive or negative, this is why you should really be watching out and be reactive.