BlockBeats News, December 29th, The Kobeissi Letter, as precious metals like gold and silver rally in this round, Bitcoin has been consolidating. 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 significantly, the ratio has fallen by 67%. Meanwhile, the Bitcoin to Gold ratio has dropped to 19, the lowest since November 2023, down 50% from January. In comparison, during the 2022 bear market lows, these two ratios were 680 and 9 respectively.
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