Gold-Backed Tokens Hold Firm in $19B Crypto Rout, But Rally May Be Near Exhaustion
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最新报道：While Bitcoin fell 8.5% and the broader crypto market plunged 12.75% amid a $19 billion liquidation event, gold-backed tokens like PAXG and XAUT bucked the trend, with PAXG down just 0.23% to $3,998 and XAUT up 0.2% to $4,010. These assets, backed by physical gold reserves, have surged over 50% year-to-date, offering a volatility refuge. However, gold's eight-week rally has pushed it into "overbought" territory, signaling potential fatigue, while crypto recovery faces liquidity constraints and geopolitical tensions.
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