Key Takeaways
Bitcoin is on track for a sixth consecutive month of underperformance against gold, a streak not seen since 2019–2020. The bitcoin-to-gold ratio, which measures how much gold is equivalent to one BTC, rebounded to around 16.3 after briefly dipping to 15.5, as gold and silver fell more sharply than bitcoin over the past 24 hours. A potential bottom in the ratio may not necessarily indicate bitcoin strength; it could instead reflect gold’s continued underperformance relative to bitcoin.
Bitcoin (BTC) appears set to finish January underperforming gold for the sixth straight month, a