Top 100 Cryptos Down, Gold/Silver Up.

It's a red day for the crypto market today as all of the top 100 coins loose value with Bitcoin down to $12,500 range from it's almost $20,000 peak.

Interestingly enough as the huge sell off happens with the US/EU markets also in red, Silver and Gold are rising with gold up $8 an ounce at the beginning of the day.

Is there profit taking from cryptos going into the metals market?

I believe we will see a correction as low as $11500 level before going back towards $20,000 in BTC, but in the long run i'm bullish on precious metals as the demand for cryptos means a demand on metals for minning cryptos.

Where do you think the markets are going in 2018?