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Digital gold prices jumped sharply over the weekend, while leading cryptocurrencies such as Bitcoin and Ethereum posted significant losses. The divergence followed the reported U.S. and Israeli military strike on Iran, which triggered widespread investor anxiety across global markets, according to DL News.

Tether Gold (XAUT) climbed to $5,455 before easing slightly to settle at $5,332, marking a daily gain of 2%. Meanwhile, Paxos Gold (PAXG) rose to $5,438 after hitting an intraday high of $5,536, supported by strong inflows into digital safe-haven assets.

In contrast, major cryptocurrencies retreated sharply. Bitcoin fell to $63,177, while Ethereum recorded a similar decline, underscoring the digital asset market’s sensitivity to geopolitical shocks.

These movements highlight a growing investor shift toward blockchain-based gold tokens as a fast and secure way to gain exposure to precious metals. The total value locked in XAUT and PAXG has expanded this year, tracking rising gold prices in traditional markets.

Tether, the issuer of the USDT stablecoin, has also increased its gold reserves, becoming one of the world’s largest holders of the precious metal. The company maintains that demand for secure digital assets is accelerating amid heightened global uncertainty.

Meanwhile, Bitcoin and Ethereum appear to have lost part of their safe-haven appeal following last year’s steep market downturn. As volatility persists, digital gold continues to set new record levels, positioning itself as a preferred hedge for investors navigating turbulent global markets.