Tag: PAXG
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.
www.coindesk.co [...]
What is PAX Gold (PAXG) and how does it work?
In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities suc [...]
Bitcoin’s Correlation With Gold-Backed PAXG Token Weakens to Record Low
"This reflects BTC's increasing correlation with macro stock indices as well as its recent behavior as a risk asset rather than a store-of-value, and [...]
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