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via CoinDesk · By CoinDesk Staff

One full bitcoin (BTC) now buys a little more than 18 ounces of gold, the most since January

BTC

BTC/USDT

$79,670.03

-1.88%

$79,670.03

-1.88%

(24s)

24h Volume

$17,769,062,584.60

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0009%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

CoinDesk Staff

(05:10 AM UTC)

1 min read

Approved byMichael Roberts

0 comments

BTC-gold ratio. (TradingView)

Summary

One bitcoin can buy slightly more than 18 ounces of gold, the bitcoin-gold ratio shows.
Bitcoin and gold have rallied as concerns mount that heavily indebted governments could devalue their currencies to reduce their debt burdens.
Bitcoin advocates say the cryptocurrency’s fixed supply and independence from government policy make it an attractive alternative to…

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Source

CoinDesk Staff · CoinDesk

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