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%.