Market Cap: $2.946T -0.940%
Volume(24h): $67.8576B -33.590%
  • Market Cap: $2.946T -0.940%
  • Volume(24h): $67.8576B -33.590%
  • Fear & Greed Index:
  • Market Cap: $2.946T -0.940%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$94386.437768 USD

-0.55%

ethereum
ethereum

$1813.161244 USD

0.52%

tether
tether

$1.000661 USD

0.01%

xrp
xrp

$2.179198 USD

-0.63%

bnb
bnb

$601.992121 USD

-0.16%

solana
solana

$147.277183 USD

-3.00%

usd-coin
usd-coin

$1.000069 USD

0.00%

dogecoin
dogecoin

$0.179805 USD

-3.96%

cardano
cardano

$0.705168 USD

-2.54%

tron
tron

$0.252008 USD

3.62%

sui
sui

$3.627511 USD

0.28%

chainlink
chainlink

$14.740205 USD

-2.70%

avalanche
avalanche

$22.275506 USD

-2.09%

stellar
stellar

$0.291279 USD

0.57%

toncoin
toncoin

$3.334772 USD

2.72%

Cryptocurrency News Articles

As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal

Apr 14, 2025 at 03:22 am

Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3300

As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal

Crypto investors are flocking to tokenized versions of gold as traditional gold markets heat up, seeking both price exposure and digital flexibility.

Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot gold. Their prices have since receded slightly to $3,265 and $3,244, respectively.

While gold-backed cryptocurrencies surged so far this year, the wider cryptocurrency market has been in a downtrend. Bitcoin (BTC) has lost more than 11% of its value so far this year, while the wider crypto market has fallen by a little over 30%, based on the CoinDesk 20 (CD20) index.

The tokens, which are backed by physical gold and track its price, experienced a surge in value as investors sought refuge from the uncertainty induced by the escalating U.S.-China trade war.

The move echoes a broader return to gold as a safe-haven asset. Inflows into gold ETFs hit 226.5 tonnes in the first quarter of 2025, the highest level since early 2022, according to data from the World Gold Council. Nearly 60% of that demand came from North America.

Similarly, gold-backed cryptocurrencies saw net token minting of over $42.7 million in the first quarter of the year, according to data from RWA.xyz, helping along with gold’s price appreciation raise their total market capitalization near $1.4 billion.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 27, 2025