When Cointelegraph sneezes fake news, Bitcoin catches a cold... to the tune of $100m in short liquidations! 🤧
Anyhow, volatility of anything that has value attached being a 'good' or a 'service' is dependent on supply /demand dynamics. The mere 'fake' SEC approval of BlackRock's BITCOIN ETF was nothing but a 'TEST' if you can call it that though an insightful one since is demonstrates the seismic waves the real SEC approval will send.
Ahh, for a funnier explanation, check this: volatility is just Bitcoin's way of keeping us on our toes, at least a short-break from all these 'hacks' and 'wallet drains attacks'.