PANews reported on March 29 that according to CoinDesk, due to investors' concerns about potential changes in macro policies in April and reduced exposure to risk assets, the cryptocurrency market experienced a decline today, with liquidations in the past 24 hours exceeding $300 million, and BTC falling to the $82,000 range. However, cryptocurrencies backed by gold are reversing the market's bearish trend, with PAXG rising 0.7% in the past 24 hours and XAUT increasing by approximately 1%.
Gold-backed cryptocurrencies are unaffected by the market drop, with PAXG and XAUT both rising
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