Cryptocurrencies backed by gold are unaffected by the market downturn, with both PAXG and XAUT on the rise
According to CoinDesk, the cryptocurrency market has declined today, possibly due to investors reducing their exposure to risky assets over concerns about changes in macroeconomic policy in April. The scale of liquidation in the past 24 hours has exceeded $300 million, with BTC even falling into the $82,000 range. However, cryptocurrencies backed by gold are reversing the bearish trend in the market; PAXG has risen by 0.7% and XAUT by approximately 1% over the past 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Silver Price Forecast: XAG/USD trades flat around $53 ahead of US inflation data
Crypto prices
More
