Analysis: Cryptocurrencies backed by gold have shown resilience against market declines, with both PAXG and XAUT rising
ChainCatcher news, according to CoinDesk, the cryptocurrency market has seen a decline today as investors reduce their exposure to risk assets due to concerns over macro policy changes in April. The liquidation scale in the past 24 hours has exceeded $300 million, with BTC dropping to the $82,000 range.
However, cryptocurrencies backed by gold are reversing the bearish trend in the market, with PAXG rising 0.7% in the past 24 hours and XAUT increasing by about 1%.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
