Marouan47
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Silver vs. Bitcoin:
One Bitcoin can now buy only 1,458 ounces of silver—its lowest level since October 2023.
This drop comes after the Bitcoin-to-Silver ratio fell by about 58% since the beginning of the year, where one Bitcoin was purchasing nearly 3,500 ounces of silver.
Since August, the ratio has literally halved.
During the same period:
The price of Bitcoin dropped 27%
While silver prices surged 53%
For the bigger picture:
The ratio had previously collapsed during the 2022 bear market by more than 69%, from 2,250 ounces per Bitcoin to around 700 ounces only.
$BTC #BTC86kJPShock #USChinaDeal
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$SOL
{spot}(SOLUSDT)
One Bitcoin can now buy only 1,458 ounces of silver—its lowest level since October 2023.
This drop comes after the Bitcoin-to-Silver ratio fell by about 58% since the beginning of the year, where one Bitcoin was purchasing nearly 3,500 ounces of silver.
Since August, the ratio has literally halved.
During the same period:
The price of Bitcoin dropped 27%
While silver prices surged 53%
For the bigger picture:
The ratio had previously collapsed during the 2022 bear market by more than 69%, from 2,250 ounces per Bitcoin to around 700 ounces only.
$BTC #BTC86kJPShock #USChinaDeal
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$SOL
{spot}(SOLUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.