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BCH SV Loses Over 10 Percent, Expert Believes Crypto Investors Now Going for Gold

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  • Yuri Molchan
    📰 News

    The market is experiencing another dropdown: the top ten coins, along with the top-100 ones are in the red, apart from several stablecoins

BCH SV Loses Over 10 Percent, Expert Believes Crypto Investors Now Going for Gold
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Contents

 

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-10 assets

 

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).

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Bitcoin 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.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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