I don't see how this is a situation where someone can take advantage of it, there is more and more bad news coming out and the market reacts to each one of them because we know how sensitive cryptocurrency traders are and they need nothing more than a bad news to start panicking and selling their assets like the market is about to die forever, but that is how it is, you can't stop things like these, so you simply act according to it.

I personally would stay away from buying altcoins in such situations, these are not the right times to buy altcoins or even Bitcoin because even Bitcoin will be affected by all these bad news coming out every other day. So I would probably recommend waiting for a while before making any big purchases in altcoins.