Bitcoin-Gold Ratio Breaks 3-Month Uptrend as $2 Billion Exits BTC Funds

9 articles · Updated · CoinDesk · May 27

The bitcoin-to-gold ratio fell through its three-month uptrend over the past 24 hours, signaling that bitcoin’s recent edge over gold as a store of value has reversed.
More than $2 billion has left bitcoin ETFs in two weeks, while gold and precious-metals funds pulled in $2.34 billion in the week ended May 20, reinforcing the shift toward hard assets.
The ratio had climbed from about 12 in early March to 18 as investors initially favored bitcoin after the Iran war and oil’s jump above $100 a barrel.
With U.S. yields firming and higher-for-longer rate expectations weighing on crypto demand, the breakdown points to gold outperforming bitcoin in the near term.

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