This market is so volatile that sometimes youll get shivers from it. There are talks that it is caused by big whales moves, pump & dump and FOMO events. The volatility works both ways. It can make you rich or it can leave you penniless if you are mentally lazy. Its worth mentioning also that some exchanges offer margin trading as well. I strongly recommend you stay away from it if you are new to trading. Keep in mind that things can change very quickly.