{"id":51336,"date":"2025-10-11T21:02:39","date_gmt":"2025-10-11T14:02:39","guid":{"rendered":"https:\/\/hbbgroup.net\/gold-backed-tokens-hold-firm-in-19b-crypto-rout-but-rally-may-be-near-exhaustion\/"},"modified":"2025-10-11T21:02:39","modified_gmt":"2025-10-11T14:02:39","slug":"gold-backed-tokens-hold-firm-in-19b-crypto-rout-but-rally-may-be-near-exhaustion","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/gold-backed-tokens-hold-firm-in-19b-crypto-rout-but-rally-may-be-near-exhaustion\/","title":{"rendered":"Gold-Backed Tokens Hold Firm in $19B Crypto Rout, but Rally May Be Near Exhaustion"},"content":{"rendered":"
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These gold-backed tokens have been a refuge for crypto investors, with year-to-date gains of over 50%, mirroring gold’s historic rally.<\/h2>\n

Updated Oct 11, 2025, 1:05\u202fp.m. <\/span>Published Oct 11, 2025, 11:36\u202fa.m. <\/span><\/p>\n<\/div>\n

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While bitcoin BTC<\/span><\/svg><\/span>$112,383.08<\/span><\/span><\/span><\/a><\/span>, ether ETH<\/span><\/svg><\/span>$3,833.91<\/span><\/span><\/span><\/a><\/span> and other major cryptocurrencies tumbled in a $19 billion<\/a> liquidation<\/a> event on Friday, major gold-backed digital assets bucked the trend amid the precious metal\u2019s rally.<\/p>\n

Tokens tied to physical gold, including Paxos\u2019 PAXG and Tether\u2019s XAUT, were among the few to hold their ground, and even edge higher, as broader markets sank.<\/p>\n

Bitcoin lost 8.5% of its value in the last 24-hour period, while the broader crypto market plunged 12.75% as measured by the CoinDesk 20 (CD20<\/a> ) index. PAXG has meanwhile dropped just 0.23% to $3,998, while XAUt is up 0.2% to $4,010. A troy ounce of gold, which these tokens are backed by, closed near $4,018<\/a>.<\/p>\n

These coins are backed by reserves of the precious metal, offering crypto investors a refuge from volatility that mirrors gold\u2019s historical role in traditional finance. Year-to-date, these tokens are up more than 50% amid gold\u2019s historic rally.<\/p>\n

But while gold-backed crypto weathered the crash, there are signs that their underlying asset may be approaching fatigue. Gold has risen for eight consecutive weeks, which according to the World Gold Council\u2019s Markets Monitor<\/a> pushed the price into \u201coverbought\u201d territory. That\u2019s across daily, weekly and monthly charts, raising the likelihood of a near-term reversal.<\/p>\n

\u201cWith the \u201ctypical\u201d historical overbought extreme \u2013 25% above the 40-week average \u2013 seen not far above here at US$4,023\/oz. we would then be wary of the rally for this phase of the Gold bull trend getting exhausted, opening the door to a consolidation\/corrective phase,\u201d the report reads. \u201cNet long positioning remains elevated but is not yet seen at an extreme.\u201d<\/p>\n

In the broader crypto market, the path to recovery may now be a slow grind.<\/a> Liquidity constraints, weekend ETF closures and a cautious return by market makers suggest a protracted bottoming process.<\/p>\n

With U.S.\u2013China trade tensions flaring again, the floor might remain elusive.<\/p>\n<\/div>\n

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Total Crypto Trading Volume Hits Yearly High of $9.72T<\/p>\n<\/div>\n

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\"Exchange<\/figure>\n

Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025<\/p>\n

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What to know: <\/p>\n

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