Cryptocurrencies backed by gold are unaffected by the market downturn, with both PAXG and XAUT on the rise

According to CoinDesk, the cryptocurrency market has declined today, possibly due to investors reducing their exposure to risky assets over concerns about changes in macroeconomic policy in April. The scale of liquidation in the past 24 hours has exceeded $300 million, with BTC even falling into the $82,000 range. However, cryptocurrencies backed by gold are reversing the bearish trend in the market; PAXG has risen by 0.7% and XAUT by approximately 1% over the past 24 hours.