Why do crypto prices fluctuate so much?

Cryptocurrency prices have always been known for their volatile nature, but why do they fluctuate so much? Is it due to the decentralized nature of the market, where there's no central authority to regulate prices? Or is it the result of speculators driving up and down the values based on rumors and speculations? Could it be the impact of news events, such as regulatory changes or technological advancements, that cause these sudden spikes and dips? And how do investors and traders navigate this unpredictable terrain to make informed decisions? These are some of the questions that plague the minds of those who are new to the world of cryptocurrencies, and understanding the reasons behind these fluctuations is crucial for anyone looking to enter this exciting yet volatile market.