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27/10/25 21:43 UTC-04

Now One Bitcoin Can Buy More Than 28 Ounces of Gold

The Bitcoin-to-gold ratio has reached a weekly high — one BTC can now buy 28 ounces of gold. This is up from 24 ounces at the beginning of October, after the precious metal’s price fell below $4,000.

After a period of volatility for both gold and Bitcoin, the ratio has returned to levels not seen since November 10, 2024.

Gold prices have dropped by 9% compared to their recent peak and lost more than 12% against Bitcoin over the past week.

During the last market downturn, Bitcoin was viewed as undervalued relative to gold. Now, the two assets could move toward market cap parity, as gold’s value is increasingly seen as a potential benchmark for BTC, especially if Bitcoin gains broader adoption as a reserve asset.

As gold fever cools, analysts expect further correction in the coming weeks.

“I think many in the industry would welcome a deeper correction than what we’re seeing now,” said John Reed, market strategist at the World Gold Council.

Tokenized gold has also declined in value: most assets have dropped to around $3,800, with the sole exception being UGOLD, which remained above $4,300, albeit with low volume and limited market depth.

See also: "Bitcoin Expected to Reach a New All-Time High Next Week"

#Bitcoin (BTC) #Gold

Editor: Yulia Krasnaya
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