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.
those who have a lot of money will adjust the market and even it is a manipulation organization. They often focus on margin trading and make the price fluctuate reasonably. Sometimes, they can push the price of the BTC up to $ 10k in 15 seconds and make the BTC price drop very quickly after that. it is the power of money in the decentralized market and it is quite scary.