The crypto market has dropped today, as its overall capitalization reduced by approximately 1.74% to 2.31 trillion. The decline was preceded by drop in Bitcoin price following sales by a top miner and market sentiment remaining in extreme fear zone. There was a decrease in altcoins prices, an indication of low capital rotation from Bitcoin and less risk-taking by investors.

Bitcoin Low Pushes Broader Crypto Market Down

According to data from CoinMarketCap, Bitcoin dominance is above 58%, confirming its role as the main driver of the wider crypto market. The negative momentum increased after an announcement by miner Bitdeer that it had sold its weekly production of about 189.9 BTC. This contributed to the circulating supply of the…