Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
Briefly

PAXG spiked as high as $2,923, over 20% premium to gold's $2,342.90 on Friday, due to escalating Middle East tensions, highlighting demand for safe-haven assets.
BTC showed a perfect negative correlation to PAXG amidst geopolitical unrest, suggesting weak demand for cryptocurrencies as a hedge, reflecting market dynamics during conflicts.
Read at Coindesk
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