No one knows why? Isn't it because the whole crypto thing is full of liars and bullshitters who have no idea about finance and believe everything they read on twitter and just react all the time?
Yes. Elon Musk and other "influencers" can easily manipulate the whole cryptocurrency market. People are selfish, greedy and "blind".
They totally are, they act as a giant herd as well which is always the frightening thing. One does it and they all run to join in. mofos.