The Bitcoin-to-gold ratio has reached its lowest point since November 2023, but is still above the previous bear market low.
BlockBeats News, December 29, The Kobeissi Letter reported that while gold, silver, and other precious metals have surged in this round, bitcoin has remained range-bound. As of this weekend, the bitcoin-to-silver ratio has dropped to 1104, the lowest level since September 2023. Since May, as silver has significantly outperformed bitcoin, this ratio has fallen by 67%.
Meanwhile, the bitcoin-to-gold ratio has dropped to 19, the lowest level since November 2023, and is down 50% compared to January.
In contrast, at the bear market lows in 2022, these two ratios were 680 and 9, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US President Donald Trump says was ready to strike Houthis in Yemen, then pulled back
ZAMA gains traction as 24h trading volume surges
Global economy risks fragmentation! Australia bets on AI as a new growth engine
In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.
Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap
According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.
Crypto prices
More
