News generally have a huge effect! It could be original or fake, but one way or the other, they are the fundamental part of any market which is believed to always sprout some level of decision of traders or investors in a negative or positive way as the case may be.
However, like you said and in the case where they are false news, those are typical human stupidity which we know can easily affect the market before even getting to know it is a fake one, because someone somewhere want to play the market in their favor.
Agree. At least here, in my country the most mainstream news worship bitcoin and say it is a good investment when it is raising and mire it when it is falling down. News are playing huge act because they can easily manipulate with the huge mass of people. They are spreading FOMO all the time in my opinion. However, like you said and in the case where they are false news, those are typical human stupidity which we know can easily affect the market before even getting to know it is a fake one, because someone somewhere want to play the market in their favor.
