The Bitcoin-to-Gold Ratio has reached its lowest point since November 2023, still below the lowest point of the previous bear market

BlockBeats News, December 29th, according to The Kobeissi Letter, with the recent rally of precious metals such as gold and silver, Bitcoin has been trading sideways. 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 by a large margin, the aforementioned ratio has fallen by 67%.

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

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