Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, PAXG (PAX Gold) is currently priced at 4183.77 USD, rising 1.79% in the last 24 hours, with a high of 4200.07 USD and a low of 3977.96 USD. The 24-hour volume reached 199 million USD. The current market capitalization is approximately 1.395 billion USD, an increase of 24.5 million USD compared to yesterday.
Important news about PAXG recently:
1️⃣ Gate unified account adds PAXG as collateral
Gate announced on November 7th that its unified account system has added PAXG as a collateral currency. The maximum discount rate for PAXG reaches 85%, which means users can utilize PAXG assets more flexibly for leveraged trading or borrowing.
2️⃣ PAXG collateral value highly recognized
In the newly added collateral currencies, PAXG, along with LINEA and SKY, belongs to the highest discount rate tier, reaching 85%. This reflects the exchange's high recognition of the asset value and stability of PAXG, which may increase market confidence in PAXG.
3️⃣ The collateral function or enhance PAXG liquidity
With PAXG being incorporated into Gate's unified account collateral system, it is expected to attract more users to hold and use PAXG, potentially increasing its liquidity and demand in the market. This could be an important factor driving the rise in PAXG prices.
PAXG, as a cryptocurrency pegged to gold, typically has its price movements closely tied to the physical gold market. Recent fluctuations in gold prices may also be one of the important factors affecting PAXG's market performance.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Market Rebounds With Notable Gains Across Leading Assets
The crypto market has seen a 23.11% increase in trading volume, with Bitcoin and Ethereum rising by 4.37% and 6.38%, respectively. Notable gainers include $CATX, $DOGO, and $PENGU, while DeFi and NFT sectors also grew significantly. Additionally, Morgan Stanley launched a BTC ETF, and FDIC proposed stablecoin regulation.
BlockChainReporter32m ago
Bitcoin spikes to $72k but then shows a “fake bull”? With the ceasefire agreement layered on top and options expiring, undercurrents are roiling in the market
After the U.S. and Iran reached a ceasefire agreement, Bitcoin quickly rebounded to $72,000, indicating how sensitive the market is to macro events. However, derivatives market data shows that this rally was mainly driven by easing hedging sentiment rather than new inflows, and that implied volatility in the options market has fallen, suggesting that near-term risks are being released. The next few days will be critical: a large amount of Bitcoin and Ethereum options are expected to expire, which could influence the direction of the market.
GateNews1h ago
U.S.-Iran ceasefire talks push Bitcoin past $72k; Ethereum rises 6% in a single day
After U.S. President Trump reached a two-week ceasefire agreement with Iran, the crypto market rebounded. Bitcoin’s price broke above $72,000, while Ethereum rose to about $2,257. Market sentiment shifted from risk aversion to risk-on. The ceasefire news triggered short covering, driving prices higher. In the short term, the outlook for crypto assets will be influenced by global liquidity and macro variables.
GateNews1h ago
Trump cancels the “doomsday,” Bitcoin surges toward $72k, and global markets rebound across the board
After the United States and Iran reached a ceasefire agreement, global financial markets rebounded, and the price of Bitcoin surged sharply, with stock markets around the world rising in tandem. Analysts say Bitcoin is gradually becoming a risk asset that is highly linked to the macroeconomy, and in the future, price movements will be driven by geopolitical factors and liquidity.
GateNews2h ago
The RWA Yield Infrastructure Trade
The essay highlights challenges in direct RWA token exposure, emphasizes the potential in leverage opportunities amid settlement delays, critiques Morpho's governance token structure, and presents Fluid as a more effective token model with stablecoin links.
CoinDesk2h ago
