{"id":17838,"date":"2026-03-02T13:05:21","date_gmt":"2026-03-02T13:05:21","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/03\/02\/tokenized-gold-paxg-xaut-jump-as-missiles-fly-btc-stalls-near-66-2k\/"},"modified":"2026-03-02T13:05:21","modified_gmt":"2026-03-02T13:05:21","slug":"tokenized-gold-paxg-xaut-jump-as-missiles-fly-btc-stalls-near-66-2k","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/03\/02\/tokenized-gold-paxg-xaut-jump-as-missiles-fly-btc-stalls-near-66-2k\/","title":{"rendered":"Tokenized gold PAXG, XAUT jump as missiles fly, BTC stalls near $66.2k"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2025\/05\/crypto-news-gold-bars-option01.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">Tokenized gold PAXG and XAUT climb about 1\u20132% toward $5.4k as Middle East conflict sends BTC, ETH and SOL lower in 24h risk\u2011off trade.<\/p>\n<div id=\"cn-block-summary-block_6f10c1bca7d50aa96a08b16cd67455e5\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>PAXG trades around $5.4k with a 24h range near $5.33k\u2013$5.44k and a market cap close to $2.6b, while XAUT changes hands near $5.32k with roughly $932m in daily volume and a $3.0b market cap.<\/li>\n<li>Over the same window, BTC sits near $66.2k after a 3% daily drop inside a $64.35k\u2013$68.24k band, ETH hovers around $1.97k after slipping about 2.5%, and SOL trades close to $83, down roughly 4% on almost $4.4b volume.<a href=\"https:\/\/crypto.news\/wp\/wp-admin\/post.php?post=14452431&amp;action=edit\" target=\"_blank\"\/>\u200b<\/li>\n<li>CoinGecko data show PAXG and XAUT among the most\u2011viewed tokens during the US\u2013Israeli conflict with Iran, as crypto X users describe a \u201cgold panic bid\u201d and note that \u201creal gold wins when bombs fly\u201d while BTC stagnates.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Tokenized gold is suddenly back in fashion as geopolitical risk flares, with on\u2011chain proxies for bullion emerging as the market\u2019s preferred panic hedge.<\/p>\n<h2 class=\"wp-block-heading\" id=\"tokenized-gold-jumps-on-middle-east-shock\">Tokenized gold jumps on Middle East shock<\/h2>\n<p>In a post on X, CoinGecko noted that \u201ctokenized commodities such as $PAXG and $XAUT are among the most viewed cryptocurrencies today amid the ongoing US\u2013Israeli conflict with Iran.\u201d The spike in attention tracks a sharp move higher in gold\u2011backed coins. As of Monday, PAX Gold (PAXG) changes hands near $5,409, after trading between roughly $5,326 and $5,439 over the past 24 hours, with a market cap around $2.6B. Tether Gold (XAUT) trades close to $5,318, up about 0.7% over the day, with 24\u2011hour volumes near $932M and a market cap of roughly $3.0B. Earlier coverage described PAXG \u201cup 6.13% day on day at $5,513.28,\u201d while XAUT was \u201cup 4.62% to $5,403.82, with risk assets weakening and risk appetite strengthening for coins linked to safe\u2011haven assets.\u201d A Reuters report similarly highlighted that \u201cPAX Gold (PAXG) is currently leading the charge at $5,344\/oz (+2.2% since Friday), while Tether Gold (XAUt) has climbed to $5,292\/oz (+1.2%).\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>On crypto X, the mood is blunt. \u201cIf there are crisis gold is mostly the favorite,\u201d wrote MEXC\u2019s Phil Herrmann. Another user observed that there is a \u201cgold panic bid while crypto\u2019s supposed inflation hedge sits frozen at 66k\u2026 Shows you who actually trusts btc when missiles fly vs who just talks about it on podcasts.\u201d \u201cReal gold wins when bombs fly,\u201d added one Web3 commentator, while another summed up the moment as \u201csafe havens szn. Gold always wins, WAGMI.\u201d<\/p>\n<h2 class=\"wp-block-heading\" id=\"bitcoin-ethereum-and-solana-lag\">Bitcoin, Ethereum and Solana lag<\/h2>\n<p>While tokenized gold rallies, major cryptocurrencies are softer to sideways. Bitcoin is trading around $66,200, down roughly 3% over the last 24 hours, with an intraday range near $64,350\u2013$68,235. Ethereum hovers around $1,970, having slipped about 2.5% on the day, after swinging between roughly $1,940 and $1,980. Solana trades close to $83, down about 4% in 24 hours, with a session range between roughly $81.9 and $86.7 and a market cap near $47B.<\/p>\n<h2 class=\"wp-block-heading\">Broader crypto market<\/h2>\n<p>This parabolic move comes as digital assets continue to trade as the purest expression of macro risk appetite. Bitcoin (<a href=\"https:\/\/crypto.news\/price\/bitcoin\/\" target=\"_blank\">BTC<\/a>) is hovering around $66,200, with a 24\u2011hour range near $64,350\u2013$68,235 and deep, exchange\u2011wide volumes. Ethereum (<a href=\"https:\/\/crypto.news\/price\/ethereum\/\" target=\"_blank\">ETH<\/a>) changes hands close to $1,970, on more than $21B in 24\u2011hour turnover and price action rotating inside the $1,940\u2013$1,980 band. Solana (<a href=\"https:\/\/crypto.news\/price\/solana\/\" target=\"_blank\">SOL<\/a>) trades around $83, off roughly 4% on the day, with almost $4.4B in volume.<\/p>\n<p>The renewed bid for tokenized bullion underlines a simple allocation truth: when missiles fly, markets still grab for gold\u2014only this time, they are doing it on\u2011chain. For readers tracking these flows, live pricing is available via crypto.news pages for PAX Gold (<a target=\"_blank\" href=\"https:\/\/crypto.news\/price\/pax-gold\/\">PAXG<\/a>) and Tether Gold (<a target=\"_blank\" href=\"https:\/\/crypto.news\/price\/tether-gold\/\">XAUT<\/a>).<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/tokenized-gold-paxg-xaut-jump-as-missiles-fly-btc-stalls-near-66-2k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tokenized gold PAXG and XAUT climb about 1\u20132% toward $5.4k as Middle East conflict sends BTC, ETH and SOL lower in 24h risk\u2011off trade. Summary PAXG trades around $5.4k with a 24h range near $5.33k\u2013$5.44k and a market cap close to $2.6b, while XAUT changes hands near $5.32k with roughly $932m in daily volume and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":17839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-17838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/17838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=17838"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/17838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/17839"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=17838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=17838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=17838"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=17838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}