Where did you get such information from?
Are you going to state That Bitcoin fell also because Pope Francis died? Where's the correlation.

Bitcoin like other investment option exist in an environment and are usually affected by sentiment.
Global news often amplifies existing market sentiment rather than independently causing price movements.

Flawed especially because of your usage of all
There are many things that influences Bitcoins price like halving cycle, inflation, forces of demand and supply etc
Bitcoin has a market and a solution to a problem(s), when such problem because rampant
It's price increases to meet up with the increase in demand.

Maybe it is not really related and you are just correlating things yourself? I highly doubt that the pope selection had anything to do with Bitcoin.

No, it is not the news. Bitcoin is a large asset and is now related to the world economy. If almost everything is having a bad performance, such as the S&P 500 then Bitcoin is reacting to the changes in the world economy and not the news itself. I'd say that the impact of any kind of news has been weakening over the years.

There is a correlation between global news and Bitcoin's price, and it's quite reasonable to be because such news affects investments, such as the stock market; Bitcoin is an asset after all. However, I don't think that the new Pope's election has anything to do with Bitcoin's surge in price; the events may as well be completely coincidental. A few people were claiming that the tariff talks between China and the U.S.A. had an effect, which is way more plausible, as Trump's political moves have affected the global economy; news of Pope's death and his recent re-election aren't.

You are right that there is a correlation between bitcoin and macro news but I don't think bitcoin has any correlation with religious events. Bitcoin is a financial product, so it is only affected by geopolitical and economic  news...news that affects the development of the economy and financial markets will affect it .

The tariff war is one example and it even has a big impact on bitcoin . When the tariffs were announced, Bitcoin price corrected to $74k and it only started to recover when Trump announced a delay in imposing the tariffs .  But it's not just bitcoin, any asset or investment will have that correlation because they are all just a part of the economy.

This is not entirely true. Not all bitcoin pumps are a result of global news, and not every global news affects bitcoin. The Pope selection has nothing to do with the recent pump. It was already growing before the news was announced.
Global news that usually affects bitcoin as news that affects the economy or financial sector of the world. Like tariffs, Trump being elected as president. There's nothing the Pope is going to do that will affect Bitcoin. If it were so, when the news broke that the previous Pope had died, Bitcoin would have dipped.

The influence of the rise and fall of Bitcoin prices does have to do with global news, but it is not absolute because there are other more realistic factors such as the law of supply and demand.
Why do I say that global news has an impact on market price increases and decreases, because with global news, investor psychology is influenced into the attitudes made by them.

For example, you mentioned the Trump campaign. Long before you may have experienced and felt during the Luna incident.
The election of the pope was not so pronounced because the market situation was good.

There is absolutely no connection between the rising price of Bitcoin and the Pope's election. Bitcoin has been showing signs of rising even before the Pope's election. It rose because of some positive news, such as the decreasing trade war tension, the increasingly positive Bitcoin ETF, institutions that are increasingly interested in investing their money in Bitcoin, and many other positive news, which all push the price of Bitcoin higher. So more or less the effect of the news has an effect on Bitcoin. But never assume that Bitcoin is completely dependent on the news.. Bitcoin has value and that is what makes it attractive to retail/institutional investors.

People obviously have little to zero clue why the price keeps moving up despite several attempts by whales and others to bring it down, so they try to speculate or attribute it to factors that are not very logical.

There must be one or more positive things related to Bitcoin from the big news that could move the price up otherwise there would be no effect on it. The more related things the news positively share about Bitcoin, or the stronger the effect of the related things the higher the price of Bitcoin.

And by the way, what make the price of Bitcoin move up are ideals or things Bitcoin loves. Bitcoin loves things that are according to its "nature"... For example, things that are decentralized, trustless, permissionless, privacy-friendly, censorship resistant, transparent, immutable, deflationary etc. This are the kind of things that can move the price of Bitcoin up if done right.

News can pump or dump Bitcoin in the market but Bitcoin is less likely a pump and dump coin if you compare it with altcoins. It's the first important fact about Bitcoin and its price in cryptocurrency market.

Now, after talking about price, let's discuss about value which should come before price. Without value, price won't exist and even scammers, for example, manage to create pump and dump game, lifting a price to very high level, I am quite sure that such unrealistic expensive price won't last for too long time. People will soon feel boring and no longer are interested in investment into a zero-value project.

Bitcoin is completely different than such zero-value projects, as it was created with excellent ideas from Satoshi Nakamoto from which the Bitcoin founder did his outstanding code for Bitcoin protocol. Over more than one decade and a half, many extra developments and upgrades have been made and together they contributed to a truly decentralized blockchain that is also against censorship. All these things and surely more ones that I don't mention here, made great value for Bitcoin.

News does not make value and does not destroy value, remember that and you will be strong against fud.