Cryptocurrency market is controlled by the collective activities of traders and investors on the market. There is no single authoritative body in full control over the market due to its decentralized nature. This is what makes crypto unique as it gives power back to the people to take charge over their financial transactions.
Yes, the market is fully controlled by Bitcoin traders, so prices move naturally every day, and when prices increase due to a lot of good news that affects the psychology of traders, so prices increase due to panic buying