Do not believe any news in cryptocurrency trading; in a bear market, all news is positive just to trick you into buying while the main players are selling. In a bull market, all news is negative because the main players want you to sell, and then make you buy again at a higher price!
What is a bull market? The same words in the morning! Price drops have nothing to do with news. In a bull market, there are countless negative news pieces that do not affect the rise, while in a bear market, positive news continues but does not affect the drop.