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Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data

Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI DataThis month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts believe these economic trends contributed to pushing gold’s price up by […]

Bitcoin shakes off bears with weekend’s recovery

Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums

Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives PremiumsWhile gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in 31 days from $424 million to today’s $611 million. PAXG […]

Bitcoin shakes off bears with weekend’s recovery

Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps Higher

Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps HigherWhile stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the top gold-backed crypto coins today have […]

Bitcoin shakes off bears with weekend’s recovery

2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months

2 Gold-Backed Crypto Asset Market Caps Near  Billion, XAUT Jumps 19,000% in 23 MonthsWhile reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market […]

Bitcoin shakes off bears with weekend’s recovery