It's just to scare many people e and so they can buy cheaper. If I see this type of headline I will simply wait and see the next move the act on it. Also many people need to be told that investment should be only of what they can afford to lose. This is very important to always remember and make use of.
Some people wish to hold thier bitcoin, but whenever they see this kind of news, they always panic and sell because the money they invested is not thier money, some of them borrow money to invest and whenever they see this news, they always sell at lost just to cut their lost. Most people in crypto space don’t really understand what cryptocurrency is all about, they don’t know things they should do and once they shouldn’t do whenever they want to invest, that’s why they panic whenever they see this kind of news.