(BTC) fell Close to $34,000 as of Jan. 21This represents a 50% decrease from the Nov. 10th, 2021 all-time record of $69,000. Altcoins could not resist the trend, and were subject to intense selling pressure. This pushed the crypto market capitalization total to $1.6 trillion. That’s a 46% decrease from the November 2021 high of $3 trillion.

The crypto markets aren’t the only ones that investors face selling. The S&P 500 has also plummeted 8% year-to-date. But gold outperformed the market and rose by about 1.76% over that time, cementing its status as an asset of safety.