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
Gold and Silver Slip Slightly, Oil Rises; Bitcoin and Ethereum Volatility Indices Decline
Gate News message, April 23 — Gold prices fell to $4,731.95 per ounce with a daily decline of 0.18%, while silver dropped to $77.585 per ounce, down 0.13% intraday. Bitcoin volatility index (BVIX) stood at 43.64, declining 1.80%, and Ethereum volatility index (EVIX) reached 63.90, down 5.19%.
In
GateNews2h ago
Gate Daily Report (April 23): The U.S. government runs Bitcoin nodes; Tesla’s BTC holdings remain unchanged
Bitcoin (BTC) continues the rebound trend from the beginning of the week, trading at around $78,230 as of April 23. U.S. Pacific Command Commander Samuel Paparo said in a congressional hearing that the U.S. government operates Bitcoin nodes to conduct cybersecurity tests, but does not participate in mining. Tesla’s first-quarter Bitcoin holdings remain unchanged, and its digital-asset impairment loss is $173 million.
MarketWhisper2h ago
Probably Nothing” — But TOTAL2 Structure Points Higher, and These 5 Altcoins Could Lead the Rally
TOTAL2 continues to respect a long-term trendline, signaling underlying altcoin market strength.
Market sentiment remains muted, often a precursor to larger price expansions.
Select altcoins show strong fundamentals despite limited short-term price movement.
The wider altcoin market
CryptoNewsLand2h ago
Trump Confirms Iran Ceasefire Negotiations Have “No Timeline,” Bitcoin Reexamines $78k
On April 23, Bitcoin reclaimed above $78,000. On April 22, U.S. President Donald Trump, during an interview with Fox News reporter Martha MacCallum, confirmed that the U.S.-Iran ceasefire negotiations do not have a set timeline, and denied a report that the U.S. media outlet Axios cited the same day, which referred to a "3 to 5 day window period" attributed to U.S. officials.
MarketWhisper2h ago
Crypto Fear & Greed Index Rises to 46, Market Remains in Panic State
Crypto Fear & Greed Index rose to 46, maintaining a 'panic' state; up from 32 yesterday, which also indicated panic.
GateNews3h ago
Grayscale Hints at Bull Market Setup as Bitcoin Holds Critical Breakeven Level
Bitcoin markets are showing signs of a potential bottom as improving price action brings recent buyers back to breakeven. Grayscale points to strengthening positioning as a key signal that sentiment may be shifting toward more bullish conditions.
Key Takeaways:
Grayscale signaled bitcoin may
Coinpedia3h ago
