BlockBeats News, December 29th, The Kobeissi Letter, accompanied by a rally in precious metals such as gold and silver, Bitcoin trading sideways. As of this weekend, the Bitcoin-to-silver ratio has dropped to 1104, the lowest level since September 2023. Since May, due to silver outperforming Bitcoin by a wide margin, the mentioned ratio has fallen by 67%.
At the same time, the Bitcoin-to-gold ratio has dropped to 19, the lowest level since November 2023, down 50% from January.
In contrast, during the 2022 bear market low, these two ratios were 680 and 9, respectively.
