The volatile nature of the cryptocurrency market is due to the fact that cryptocurrency operates on a decentralized system and its price is most determined by those who have a lot of a particular crypto coin. If i have about 1000 Ethereum and i decide to sell it at $50, this will force others to reduce their price in order to sell their coin because a drastic decrease in the price of ethereum.
Perfect explanation of how volatility works in crypto. And since we can't control someone else's decision when it comes to trading, we are just here waiting what the market will cater to us and react on what is happening. Either we participate or let the situation pass and wait for a better deal.