When crypto markets are going down, it is typically because specific coins have lost market perception due to negative events, such as bad publicity, unethical behavior from project leaders, or security breaches. Losing market perception reduces the demand for a cryptocurrency and drives its value down.Why do crypto prices fluctuate so much?

Could you elaborate on the reasons behind the significant fluctuations in cryptocurrency prices? It seems that whenever crypto markets experience a downturn, it's often attributed to coins losing market perception due to adverse events like negative press, unethical conduct from project leaders, or security breaches. How do these factors specifically impact the demand and ultimately the value of a cryptocurrency? What are some other primary drivers behind the volatile nature of crypto prices?