Markets· ★★· bullish·

Bitcoin back to 20 ounces of gold for the first time since January

  • —1 BTC equals 20 troy ounces of gold, the highest since January
  • —The ratio is calculated by dividing the BTC price by the price of an ounce of gold
  • —The rebound to 20 ounces does not by itself confirm a trend reversal for bitcoin
Why it matters: A rising BTC/gold ratio signals bitcoin strengthening against a safe-haven asset, though it needs further confirmation.
#BTC
Source: TokenPost
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