Tokenized gold assets PAXG and XAUT plummet to 90-day lows
#Tokenized gold assets Pax Gold and Tether Gold plummeted to multi-month lows, moving in tandem with the broader crypto market sell-off.
#Both PAXG and XAUT fell nearly 15% over 30 days to close at $4,050.14 and $4,040.49 respectively on June 10, showing a strong 0.87 correlation with Bitcoin.
#This high correlation indicates that tokenized gold is currently behaving as a volatile risk asset rather than a traditional safe haven.