According to Odaily Planet Daily, the copper-to-gold ratio fell by more than 8% this month to its lowest level since November 2020, according to data tracked by TradingView and MacroMicro.
The indicator reflects investors' appetite for risk- and growth-sensitive assets such as technology stocks and Bitcoin. MacroMicro said that as the global economy expands and the copper-to-gold ratio rises, stocks will also rise.
When economic uncertainty increases, the demand for gold for hedging rises and the ratio falls. In short, if the indicator falls, Bitcoin may see downward fluctuations.
