Bitcoin Value Relative to Gold Hits Highest Level Since Last February

Bloomingbit Newsroom

Summary

Glassnode reported that the value of Bitcoin (BTC) relative to gold has reached its highest point since early February.
It added that from June 22 (local time) the growth rate of Bitcoin's price has consistently surpassed gold.
Currently, Bitcoin is trading at $122,228, up 3.71% from 24 hours ago on the Binance USDT market.

The value of Bitcoin (BTC) relative to gold has reached its highest level since early February.

On the 14th (local time), Glassnode announced on X (formerly Twitter), "Bitcoin's value relative to gold has reached its highest point since early February," adding, "In particular, since June 22 (local time), Bitcoin has consistently outperformed gold in terms of price growth rate, showing strong momentum."

As of 6:22 PM, Bitcoin is trading at $122,228, up 3.71% over the past 24 hours on the Binance USDT market.

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