If you think the crypto-market moves on news, then you have missed on some sweet gains. The news effect is getting reduced since every single time it proves that it doesn't matter.

Bitcoin price is lead mainly by retail demand. Speculators are quick to panic on the way down, but the return of retail demand end up in a new bubble. This is mostly the byproduct of lack of faith on the foundations of the price. These effects are less felt now that the market has matured.

Of course this is purely my opinion and observation. So take that with a bag of salt.