Spot Gold Sees Intraday Market Cap Wipeout Exceed Entire Cryptocurrency Market
BlockBeats News, March 23, according to Bitget market data, spot gold fell from a daily high of $4473.06 to a low of $4097.51, with a market value evaporation of approximately $2.837 trillion at one point, more than twice the total market value of Bitcoin (currently reported as $1.362 trillion), and exceeding the total market value of the entire cryptocurrency market (currently reported as $2.427 trillion).
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Saudi Arabia’s oil shipments to Asia surged to nearly 100 million barrels, with Aramco proactively covering transportation and delivering directly to China, India, and Japan-South Korea: Supply shortage expectations meet the reality of correction.
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