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.
One of the reason why the crypto market is still very volatile compared to that of traditional is because it is not being regulated which will be of the major thing affecting its volatility, and because of the manipulations going on in the industry, it also discourage lots of investor coming in to the market.
It will be difficult for any investor to commit so much large fund into a market that is unpredictable and with so much volatility and until security is fully introduces to guarantee safe investment; the market will continue to be volatile.