In recent times, that's the major event that has acted as a catalyst for some rapid market movements (up or down). Someone made a post on X recently about an observation that news are beginning to move prices because they stopped moving prices a while ago. A project might do a v2 Mainnet update and you won't see price react to it — The Powell news is a major macro news imo. Another news that often move price in both crypto and stocks is CPI. PPI doesn't have the same effect unfortunately.
People before now do think news moving prices was mostly particular to currency and stock trading maybe but then it turned out that as Bitcoin and other cryptocurrency are beginning to gain more adoption and recognition, the news about them begin to have a direct effect on the market because people are begining to react in that direction as to whatever it is they hear about these assets at almost every time.
The higher the number of population is in the bitcoin world then the more reactions you are going to get. It is not the same result telling 100k people something bad, versus telling 100 million a bad thing. The number of people in the crypto world got higher, and because of this we are going to end up with more volatility due to millions and millions of people reacting to news.
Obviously the price is higher now, so volatility could be balanced that way, since it requires billions to move it an inch, and we need to realize a lot more money is required along with it. Still, volatility exists and moves quickly to each direction, because there are many people who react to news and this is why we are going to end up with results that will not be easy to handle at all.
News are really that something needs up to consider when dealing up with this market specially on trying out to predict on where it will really be going then you will be trying out to find or check into those things around on which it could neither be that talking about fundamental or any other thing, as long it does give out that kind of relevance on the time that you do trade then this is something that surely counts and this one indicates that you are really that doing the right thing. The main issue about news or fundamentals that it doesnt give out guarantees that it will really be making up such movement. Some will really be having that kind of
effect when it comes to its movement but most of the time it doesnt but actually you could really be able to observe it out into your own eyes on how it do really make out such reaction.