Bitcoin experienced a 3% decline over the last 24 hours, now trading at around $82K. Major altcoins such as XRP, BNB, and SOL saw drops between 4% and 5% in the same timeframe. The CoinDesk 20 Index (CD20), reflecting the broader cryptocurrency market, fell by 3.3%. Weekly performance shows bitcoin down 1.7% and CD20 nearly 5%. Over the past day, more than $300 million in long positions and $38.8 million in short positions were liquidated on centralized cryptocurrency exchanges. Amid this volatility, gold-backed cryptocurrencies like PAXG and XAUT have risen, with their market capitalization surpassing $1.4 billion in March. These tokens increased by 0.7% to over $3,100 in the last 24 hours and are up over 18% year-to-date, contrasting with bitcoin’s 12.5% and CD20’s 28% yearly declines.
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