The Bitcoin-to-gold ratio has reached its lowest point since November 2023, but is still some distance from the lowest point of the last bear market.

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On December 29th, The Kobeissi Letter reported that while precious metals such as gold and silver have seen a recent surge, Bitcoin has been trading sideways. As of the end of the week, the Bitcoin-to-silver ratio has fallen to 1104, the lowest level since September 2023. Since May, this ratio has dropped by 67% due to silver's significantly outperforming Bitcoin.

Meanwhile, the Bitcoin-to-gold ratio has fallen to 19, the lowest level since November 2023, down 50% from January.

In contrast, at the trough of the 2022 bear market, these two ratios were 680 and 9, respectively.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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