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BCH SV Loses Over 10 Percent, Expert Believes Crypto Investors Now Going for Gold
Today, on Monday, January 28, the market is facing another collapse in the red.
The top-10 assets
Bitcoin is trading below $3,500 for yet another day. Ethereum has lost 8.16 percent. Bitcoin Cash depreciated by 8.65 percent. But most of all are bleeding Stellar (-9.13) and Bitcoin Cash SV (-10.47 percent). Meanwhile, Tether is the only coin remaining in the green.
Tron is also in the red, even though on Sunday it overtook Stellar for spot #8.
The top-100 coins
The majority of the one hundred coins with the highest market cap are also depreciating today, except a few stablecoins – TrueUSD (+0.19 percent), Paxos Standard Token (+0.08 percent) and Gemini USD, too (+0.87 percent).
The top gainers today are Pundi X (+12.82 percent) and Aurora (+5.47 percent).
Yuri MolchanBitcoin investors are headed for gold
Jan Van Eck, the Van Eck Associates CEO, reckons that the current situation in the crypto market is driving investors towards gold. Other experts believe that gold remains vulnerable in the physical sense, whereas Bitcoin is much better as the top asset and safe haven.
Perhaps the current outflow of investors from digital assets is causing Bitcoin and altcoins to rush downwards.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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