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PAX Gold
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PAX Gold latest News
Keep up with what's happening in the crypto world in real-time.
Paxos Gold's $500 million milestone highlights increasing TradFi interest in gold-backed crypto
The steady growth of PAXG highlights a growing trend: TradFi investors are increasingly looking for ways to dip their toes into the crypto water.
PAX Gold (PAXG) remains resilient above $2,390 amid Bitcoin and Ethereum dip
As major cryptocurrencies experience a slight downturn, PAX Gold (PAXG) has managed to maintain its value above $2,390. This stability comes as Bitcoin (BTC) and Ethereum (ETH) face declines, reflecting a broader market trend. On Tuesday, Bitcoin, which had surged to over $68,000 earlier in the week, fell to approximately $66,000 by 2:20 PM ET.
Gold-backed stablecoin market is still a niche subsector
The gold-backed stablecoin market is still a pretty niche subsector, despite the recent popularity of gold in the broader market.
Geopolitical tensions prompt record high for PAX Gold as Bitcoin faces sharp decline
PAX Gold is a digital coin equivalent to physical gold valued at $2,855 in April. While gold is usually thought of as digital gold went high while, Bitcoin, the cryptocurrency, saw a new price decline in an instant, in terms of the overall decline of the value of Bitcoin.
PAXG hit new high on Middle East tensions, raising questions about Bitcoin
Tensions in the Middle East ramped up over the weekend following an Iranian drone and missile attack, which saw the price of PAX Gold and Bitcoin reacting very differently.
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer.
