The post Tokenized gold PAXG, XAUT jump as missiles fly, BTC stalls near $66.2k appeared on BitcoinEthereumNews.com.

Tokenized gold PAXG and XAUT climb about 1–2% toward $5.4k as Middle East conflict sends BTC, ETH and SOL lower in 24h risk‑off trade. Summary PAXG trades around $5.4k with a 24h range near $5.33k–$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. Over the same window, BTC sits near $66.2k after a 3% daily drop inside a $64.35k–$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.​ CoinGecko data show PAXG and XAUT among the most‑viewed tokens during the US–Israeli conflict with Iran, as crypto X users describe a “gold panic bid” and note that “real gold wins when bombs fly” while BTC stagnates. Tokenized gold is suddenly back in fashion as geopolitical risk flares, with on‑chain proxies for bullion emerging as the market’s preferred panic hedge. Tokenized gold jumps on Middle East shock In a post on X, CoinGecko noted that “tokenized commodities such as $PAXG and $XAUT are among the most viewed cryptocurrencies today amid the ongoing US–Israeli conflict with Iran.” The spike in attention tracks a sharp move higher in gold‑backed 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‑hour volumes near $932M and a market cap of roughly $3.0B. Earlier coverage described PAXG “up 6.13% day on day at $5,513.28,” while XAUT was “up 4.62% to $5,403.82, with risk assets weakening and risk appetite strengthening for coins linked to safe‑haven assets.” A Reuters report similarly highlighted that “PAX Gold (PAXG) is…

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Filed under: News - @ March 2, 2026 2:25 pm