The Bitcoin to gold ratio has reached its lowest point since November 2023, still far from the previous bear market lows.
On December 29, according to The Kobeissi Letter, as precious metals like gold and silver surged in this round, Bitcoin has been consolidating. As of this weekend, the Bitcoin to silver ratio has dropped to 1104, the lowest level since September 2023. Since May, due to silver outperforming Bitcoin significantly, this ratio has fallen by 67%. Meanwhile, the Bitcoin to gold ratio has decreased to 19, the lowest since November 2023, down 50% from January. In comparison, during the 2022 bear market lows, these ratios were 680 and 9, respectively.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Bitcoin to gold ratio has reached its lowest point since November 2023, still far from the previous bear market lows.
On December 29, according to The Kobeissi Letter, as precious metals like gold and silver surged in this round, Bitcoin has been consolidating. As of this weekend, the Bitcoin to silver ratio has dropped to 1104, the lowest level since September 2023. Since May, due to silver outperforming Bitcoin significantly, this ratio has fallen by 67%. Meanwhile, the Bitcoin to gold ratio has decreased to 19, the lowest since November 2023, down 50% from January. In comparison, during the 2022 bear market lows, these ratios were 680 and 9, respectively.