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).
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.