Prices in crypto fluctuate because it is a new industry that is trying to establish itself. Prices constantly move due to demand and supply conditions. According to Duke University, Cryptocurrencies are about 4 times more volatile than a stock indice such as the S&P. Events that have caused large shocks to crypto are booms and busts of crypto exchanges like FTX, sudden regulatory announcements plus hacks and insolvencies that can turn a bull run bearish in an instant.