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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.
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.
Gold has made consecutive new all-time highs year-to-date, drawing investors' attention and fueling what was already a significantly increased demand. Finbold selected two tokenized gold cryptocurrencies to invest in and gain exposure to the leading commodity