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.
because in crypto it is very dependent on trading volume and that means the number of people interested in having crypto greatly affects the price. Another reason why crypto prices are very easy to change is that there is no limit for them to buy and sell their crypto. so that everyone who has a lot of money or crypto they can control prices as they please.