Goals Galore for $PSG vs $CITY As Bitcoin Dip Pulls Market Down

Paris Saint-Germain won a six-goal thriller in Manchester, but both tokens fell alongside Bitcoin as the broader market dipped.

Paris Saint-Germain left the Etihad Stadium with three points and four goals, while Manchester City had to settle for an Erling Haaland brace and a place in the record books on Wednesday, Oct. 14.

Despite the 4-2 win over Man City, the Paris Saint-Germain Fan Token® ($PSG) was down almost 5% alongside the Manchester City Fan Token® ($CITY) by Thursday morning, alongside declines in Bitcoin and Chiliz ($CHZ).

Paris Saint-Germain ($PSG) Price Dips Despite Win

In the hours leading up to the match, the value of the Paris Saint-Germain Fan Token® ($PSG) climbed 2.5%, seen in the spike in the chart below. However, by time of writing on Thursday morning, the token price had dropped by 5.7%, to $0.42, as per price data from Socios.com.

Trade volume for $PSG rose from around $900,000 to just over $1.7 million amid the sell-off, with the majority of the action to be found in Binance’s $PSG/USDT pair.

Manchester City ($CITY) Suffers Dip Alongside Defeat

The value of the Manchester City Fan Token® ($CITY) fell by over 7% in the hours immediately after the loss, sinking to the $0.31 range, before climbing back up to over $0.32.

This amounted to a 4.6% dip as of time of writing, curiously less than PSG’s losses, despite the Paris team’s win.

$CITY trade volume was over $2.5 million on Oct. 15, with the majority of trades again coming from Binance’s $CITY/USDT pair. MEXC and Bybit also saw over 100,000 $CITY tokens change hands.

PSG vs Man City Match Breakdown

PSG’s Désiré Doué and Ousmane Dembélé scored in the 13th and 15th minutes, before Vitinha made it 3–0 after 32 minutes.

It looked like it would be plain sailing for PSG, but Man City fought back with a goal by Erling Haaland early in the second-half, only for Maghnes Akliouche to restore PSG’s three-goal advantage nine minutes later.

A second Haaland goal completed the scoring, with PSG’s goalkeeper Matvey Safonov later denying him a hat-trick.

Haaland’s first goal was his 37th for City in the Champions League, taking him past Sergio Agüero’s club record of 36, before the Norwegian took his tally to 38 with his second goal.

This was City’s first loss of the season, and new manager Enzo Maresca said his side would learn from the experience, and continue to move forward.

“We are there, to be honest. My feeling is that we are close. It’s already difficult against PSG, but then you concede two quick goals. We can learn from that and move on,” said Maresca, as published by Sky Sports.

Bitcoin and Chiliz ($CHZ) Slide

Bitcoin’s spot price fell from the $84,000 range to $81,000 overnight, amounting to a near 4% dip, which prompted many altcoin valuations to fall by even more.

The Chiliz ($CHZ) token price fell by 6.6% according to price data from CoinMarketCap. The decline comes after a month in which the $CHZ spot price increased by 32%, amid a host of new token launches and announcements by the Chiliz team.

Greg Thomson: Fan Tokens Market Reporter