No market is immune to internal and external forces. Crypto is no different. The factors that can influence the crypto market include:
Supply and demand: The price of cryptocurrency can rise sharply if demand outstrips supply. If there is a surplus supply, the price will fall.
Regulatory decisions: Countries are still grappling with how to regulate crypto. Some are even banning it outright, which is something to be aware of.
Fiat currency markets: Much like some fiat currencies can impact the value of others, they can also drive the price of crypto up or down
Press and media: News reports can heavily influence confidence in crypto, whether it's positive or negative.
Technology and infrastructure: It's not all about the security of crypto exchanges. As crypto integrates with more payment systems, its value will increase.