An Iranian drone and missile attack in the Middle East stirred the crypto universe and skyrocketed PAXG Price to $2.9K.
The ongoing tensions in the Middle East have stirred the cryptocurrency universe by spiking the price of PAXG to $2.9K on April 13, 2024. However, Bitcoin traded at the perfect opposite end to PAX Gold (PAXG), indicating a weak demand. The Middle East tensions affect the cryptocurrencies differently.
Middle East Tensions Raising Questions on Cryptocurrency
On Sunday, the gold-backed digital asset from Paxos (PAXG) showcased a record-breaking performance and crossed its all-time high amid the rising tensions in the Middle East.
According to CoinMarketCap data, On April 14, 2024, the PAGX token was trading at $2,906.75 with $55.63 Million in 24-hour volume. Bitcoin (BTC), on the other hand, dropped from $67,500 to $62,700 within a few hours.
Bob Elliott, co-founder and CEO of Unlimited Funds and former executive of Bridgewater, took on
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