Crypto markets could gain $1 trillion as Gold price reaches $3,000: Tokenized-Gold expert explains
Tokenized-Gold assets hit a $1.8 billion market cap on Monday after Gold (XAU) price reached new all-time highs above $3,000.
Crypto markets have declined 28% since Trump’s inauguration, while Gold prices rose 11%, signalling investors’ sensitivity to geopolitical and macroeconomic risks.
In an exclusive interview, RAAC CEO Kevin Rusher explains how the tokenized-Gold sector could impact the next crypto market recovery phase.
Tokenized-Gold assets hit a $1.8 billion market cap on Monday after the Gold (XAU) price marked new all-time highs above $3,000 per troy ounce. In an exclusive interview with FXStreet, RAAC CEO Kevin Rusher explains how tokenized Gold assets could impact the next crypto market recovery phase.
Gold rallies to $3,000 as Trump’s policies unsettle crypto markets
Since President Donald Trump's inauguration on January 20, the global cryptocurrency market has experienced a significant downturn with its total capitalization declining by 30%.
Bitcoin (BTC) saw its value drop by 31% from its record high on inauguration day, currently trading around $83,325.
In contrast, Gold prices have hit record highs. On Monday, Gold traded at an all-time high of $3,005 per troy ounce, reflecting investor anxiety over economic growth due to trade policies and a testy geopolitical landscape.#btc #ETH #xrp