Certainly, especially in the early stages of bitcoin adoption when exchange failures and government regulation always took a massive toll on BTC.
Given the fact that there is relatively less regulatory framework at the moment, and definitely in the past of bitcoin third party services compared to traditional institutions, it's no surprise that when a hack occurs or an exit scam occurs that markets often panic and leads to a sudden response in the markets. Similarly with government restrictions and regulations due to their constantly changing nature, when China essentially drove out exchanges, etc. it resulted in short term FUD as well.
But I do think these black swan events are becoming less prominent and have a lesser effect now that regulation has somewhat stabilised and matured, and the markets have matured to the stage that it doesn't react as easily to these exchange hacks, and otherwise, news that induce fear and uncertainty. And this will be the trend in the future as well, which is a part of the reason why I believe price stability will greatly increase as time goes by.