According to market data, gold is increasingly chosen by investors as a safe haven amidst trade tensions led by the United States. Meanwhile, Bitcoin $96,193 is failing to demonstrate the expected dynamism in increasing its value. This situation has resulted in a decrease in the ratio between Bitcoin and gold.
Status of Gold and the Crypto Market
Reports indicate that the ratio between Bitcoin’s dollar price and gold’s per ounce price has fallen to 34. This ratio is attempting to reach a level close to previous highs but has seen a decline of approximately 15.4% from the peak above 40 last December. The data reveals that the volatility in the cryptocurrency market is narrowing compared to the gold market.
Gold has experienced an increase of around 10% since the beginning of the year, reaching a level of $2,877 per ounce. This increase is attributed to concerns regarding trade disputes between th…
![Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)](https://licensebuttons.net/l/by-nc-sa/4.0/80x15.png)
Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals | Short Urls
Design By New Web | ScriptNet