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.
Many factors are responsible for its volatility. Firstly, it is relatively new and people are still learning about the system and how it all works. Secondly, it is decentralized and not so regulated which gives room to fraud and continues ICO scam. This breaches trust amongst investors and often times induce fear