Does bitcoin control the market?
No.
What controls the market is an activity carried out by market users.
Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.
That can happen when some BTC users move the assets they own together, to make purchases on coins that have increased, but that only applies if the assets that move have large enough value and vice versa.
you can understand that more clearly in the following article.
https://bitcoin.org/en/faq#what-determines-bitcoins-price