Gold's six-month rally versus bitcoin shows similarities to the 2019 cycle

The bitcoin-to-gold ratio rebounded from recent lows, mirroring a pattern seen in the 2019-2020. What to know : Bitcoin is on track for a sixth consecutive red monthly candle against gold, a pattern last seen in 2019/20. The bitcoin-to-gold ratio has rebounded to around 16.3 after briefly falling to 15.5 as gold and silver declined more sharply than bitcoin over the past 24 hours. A potential bottom in the ratio would not necessarily signal bitcoin strength, but could instead reflect continued underperformance in gold relative to bitcoin(Coindesk)