Quote Originally Posted by Newbie_trader View Post
Sometimes, the value of the cryptocurrencies declines when there's a circulation of fake news. One of the best examples is Bitcoin is ban in some countries. People get panic and drive them to sell their coin. When the supply increases, the demand will eventually decrease.
You are right. Investors rely on the news and often times there are many fake reports lurking on the internet. Also, what an influencer says about the altcoin affects the reaction of the investors.