BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Gold-Backed Crypto Minting Volume Hits 3-Year High Amid Shifting Demand Dynamics
Gold-Backed Crypto Minting Volume Hits 3-Year High Amid Shifting Demand Dynamics
13
2
Gold-backed cryptocurrencies are experiencing a surge in demand, with minting volumes reaching a three-year high. Over $80 million worth of these tokens were issued in the past month, driving the sector’s market capitalization up 6% to $1.43 billion. Transfer volume skyrocketed 77% to $1.27 billion, signaling renewed interest in digital gold representations.
The trend contrasts with slowing central bank purchases of physical gold. ETF inflows and crypto-based demand now lead the charge, reflecting a broader shift in investor behavior. Gold’s total demand reached 1,206 tonnes in Q1, maintaining steady year-over-year growth despite changing market dynamics.
By:
Previous
Cold Wallet Token ($CWT) Attracts Institutional Interest Amid Presale Boom
Next
Bitgert Partners with DigiGoal to Launch ZK-Powered Sports Metaverse
