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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.

Updated Apr 15, 2024, 4:18 a.m. Published Apr 14, 2024, 5:46 p.m.
PAXG's price chart. (CoinDesk)
PAXG's price chart. (CoinDesk)