{"id":13959,"date":"2025-10-21T20:20:07","date_gmt":"2025-10-21T20:20:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xaut-and-paxg-slide-6-amid-golds-tumble\/"},"modified":"2025-10-21T20:20:14","modified_gmt":"2025-10-21T20:20:14","slug":"xaut-and-paxg-slide-6-amid-golds-tumble","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xaut-and-paxg-slide-6-amid-golds-tumble\/","title":{"rendered":"XAUt and PAXG slide 6% amid gold\u2019s tumble"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Tokenized gold tokens XAUt and PAXG prices fell more than 6% each over the past 24 hours as the price of gold slumped to its biggest intraday dip.<\/p>\n<div id=\"cn-block-summary-block_845752d93b0de67125ec79d1cc204bda\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Tether Gold and PAX Gold fell 6% each as tokenized gold tokens slumped alongside Gold.<\/li>\n<li>Spot gold fell to $4,122 an ounce, with the precious metal falling to its biggest intraday drop since 2013.<\/li>\n<li>Bitcoin saw slight gains amid the gold slump, rising to above $112,000. <\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>As Bitcoin price edged up to above $112,000 amid a slight uptick for cryptocurrencies, the top two tokenized gold tokens by market cap bucked the trend. Tether Gold (XAUt) and PAX Gold (PAXG) both slipped by more than 6% to change hands around $4,120 at the time of writing.<\/p>\n<h2 class=\"wp-block-heading\">Why are XAUt and PAXG down today?<\/h2>\n<p>Crypto market\u2019s broader uptick came as stocks surged amid a flurry of positive earnings reports on Wall Street. The upside across equities cascaded into cryptocurrencies. Meanwhile, gold <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/gold-silver-tumble-in-biggest-daily-drop-in-years-as-stunning-precious-metals-rally-comes-to-a-halt-155953734.html\" target=\"_blank\" rel=\"nofollow\">suffered<\/a> its biggest single-day drop in more than 10 years.\u00a0<\/p>\n<p>The tanking also saw gold record its steepest intraday fall since 2013.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Gold just dumped 6% \u2013 the biggest one-day dip since 2013<\/p>\n<p>Bitcoin is up 2% today<\/p>\n<p>Is this the beginning of the great rotation? <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/W74dktN5W3\">pic.twitter.com\/W74dktN5W3<\/a><\/p>\n<p>\u2014 Lark Davis (@TheCryptoLark) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/1980655012498821231?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>As gold dropped 6% to under $4,120 an ounce, tokens backed by holdings of the precious metal dumped.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>XAUt and PAXG prices mirrored the declines in the top safe haven asset, with an upbeat sentiment for risk-on assets seeing analysts forecast a potential capital rotation from gold to Bitcoin (BTC).<\/p>\n<p>But while Bitcoin holders eye more gains, economist and gold advocate Peter Schiff has other ideas. He agrees the decline is \u201cquite a shakeout,\u201d but says it only offers another chance for BTC holders to dump the digital asset and \u201cbuy the real thing.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cGold is now down over $200. Quite a shakeout, but all of this volatility is occurring with gold still above $4,100, which was a record high last week. Bitcoin is catching a bid from this selloff, creating another window for Bitcoiners to sell fool\u2019s gold and buy the real thing,\u201d he posted on X.<\/p>\n<\/blockquote>\n<p>Tether Gold and PAX Gold prices hit highs of $4,391 and $4,430 respectively on October 17, 2024, gains that aligned with gold\u2019s parabolic surge. However, as the rally that catapulted gold to a new all-time hits a halt, the Tether and Paxos issued tokens are also paring gains.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tokenized gold tokens XAUt and PAXG prices fell more than 6% each over the past 24 hours as the price of gold slumped to its biggest intraday dip. Summary Tether&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13959"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13959\/revisions"}],"predecessor-version":[{"id":13960,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13959\/revisions\/13960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2726"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}