[Bitcoin-to-Gold Ratio Hits Lowest Point Since November 2023, Still Above Last Bear Market Lows] BlockBeats reports that on December 29, The Kobeissi Letter noted that as gold, silver, and other precious metals surged in this cycle, Bitcoin remained range-bound. As of this weekend, the Bitcoin-to-Silver ratio has dropped to 1,104, marking its lowest level since September 2023. Since May, this ratio has fallen by 67% due to silver's significantly stronger performance compared to Bitcoin. Meanwhile, the Bitcoin-to-Gold ratio has dropped to 19, its lowest level since November 2023, representing a 50% decline compared to January. In contrast, during the depths of the 2022 bear market, these two ratios were 680 and 9, respectively.