CoinDesk
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Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio
The widely-tracked copper-to-gold ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets.
BTC's best years have been characterized by copper's outperformance relative to gold.
From the increasing probability of pro-crypto Conservative candidate Donald Trump winning the upcoming U.S. presidential election to expectations for Bank of England rate cuts, bitcoin {{BTC}} bulls have several things to cheer about. However, the widely-tracked copper-to-gold ratio continues to slide, flashing a red signal for risk assets, including cryptocurrencies.
BTC's best years have been characterized by copper's outperformance relative to gold.
From the increasing probability of pro-crypto Conservative candidate Donald Trump winning the upcoming U.S. presidential election to expectations for Bank of England rate cuts, bitcoin {{BTC}} bulls have several things to cheer about. However, the widely-tracked copper-to-gold ratio continues to slide, flashing a red signal for risk assets, including cryptocurrencies.
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