Gold

Bitcoin's best years have been characterized by copper's outperformance relative to gold but the widely-tracked ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. What does the sliding copper-to-gold ratio mean for bitcoin? And how will the growth of M2 money supply from major central banks impact BTC's momentum? CoinDesk's Christine Lee presents the "Chart of the Day."

28 okt 2024

Bitcoin has risen over 40% this year but the price surge doesn't compensate for the price volatility risks, according to a chart by Goldman Sachs. Bitcoin's year-to-date return to volatility ratio is under 2%, significantly lower than gold's industry-leading risk-adjusted return of around 3%. CoinDesk's Christine Lee presents the "Chart of the Day."

8 okt 2024

Bitcoin has surged 7% in the past five days, breaking through $64,000 for the first time since Aug. 26. In the meantime, gold has reached all-time highs on over 30 occasions this year, topping $2,600 an ounce. Why are the two assets outperforming? CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

20 sep 2024

Data tracked by CryptoQuant shows that the correlation between bitcoin and gold has turned sizably negative of late. Gold has recently been pushing to new record highs above $2,500 per ounce while bitcoin struggles more than 20% below its record level of a few months ago. Has crypto fallen back to a bearish phase? CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

12 sep 2024

The copper-to-gold ratio, which measures the division of the market price per pound of copper by the per ounce price of gold, has dropped over 8% this month, according to data tracked by TradingView and MacroMicro. The ratio has dipped to its lowest level since November 2020, offering bearish cues to risk assets, including cryptocurrencies. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

24 jul 2024

Data from Kaiko shows that recent escalation of the conflict in the Middle East has led to increased demand for safe-haven assets, but bitcoin has not benefited from this trend. The largest cryptocurrency by market cap saw its value drop 6% in April, while gold and the US dollar have rallied. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

25 apr 2024

Kraken Head of Strategy Thomas Perfumo discusses the comparison between bitcoin and gold as stores of value and inflation hedges. Bitcoin has a "more predictable and programmatic supply curve because it's built on mining and the halvings," Perfumo said.

19 mrt 2024

Kraken Head of Strategy Thomas Perfumo joins CoinDesk with insights on recent movements in the crypto markets as bitcoin (BTC) slipped to as low as the $62,000 level on Tuesday. Plus, what the next halving means for bitcoin and the potential for spot ether ETF approval in the U.S.

19 mrt 2024

Data from Kaiko shows that the bitcoin to gold ratio, which measures the relative performance of the two assets, is getting close to its all-time high from November 2021, an indication that the largest cryptocurrency by market cap is outperforming gold. Does this mean that bitcoin will replace gold as the ultimate store of value? CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

19 mrt 2024

Bitcoin has surged over 150% this year, beating traditional assets like the S&P 500, gold, and the U.S. dollar by a huge margin. And some key indicators suggest bitcoin could continue to rally in 2024. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

15 dec 2023