Hey, I have some moderate experience over this crypto world. Why the market is extensively volatile. Alike traditional market does crypto too impacted of many major changes.
Crypto is not a regulated market, meaning that nobody is responsible to make it less volatile. This is why some huge whales become very rich, as they could manipulate the market as per their own wish.
To have a less volatile we need 2 main things to happen: regulation and increasing adoption rate.