Remember, this whole thing about crypto is largely decentralized, thus, there is no single authoritative body in control of the crypto market. Although there are few centralized platforms among crypto, the market is largely influenced by the efforts and influence of the users of crypto. How well sellers and buyers treat the coins on the market affect the performance of the market.
That's right, but the market controller is the rich. Small traders like us cannot decide the price of a coin. But if you have more than 1 million dollars in hand, you can manipulate an exchange.
This is also a negative point that people often mention. So to avoid risks, we should always place a stoploss order.