#binance #hype #zec #near
08/06/26 21:39 UTC-04

Gold Falls Below Its 200-Day Moving Average. What Does This Mean for Bitcoin?

Trading Trading
Trading Gold Falls Below Its 200-Day Moving Average. What Does This Mean for Bitcoin?
  • Gold has fallen by more than 20% compared with its January high.
  • Bitcoin has risen by 3% against gold over the past 24 hours.

Gold has fallen by more than 20% from its January record high of $5,600 per ounce and is now trading below its 200-day moving average (200DMA). This has happened for the first time since October 2023.


BTC-to-gold ratio. Source: TradingView.

The 200DMA tracks the long-term average closing price over the past 200 trading days. A break below this indicator usually signals a weakening bullish trend and a potential reversal.

Gold has entered a bear market phase after a period of sharp growth, during which the precious metal rose by 200% — from $2,000 in October 2023 to a peak of $5,600 in January 2026. Now the asset has fallen by more than 20% from its all-time high. The decline began after the release of a stronger-than-expected US employment report.

At the same time, the Bitcoin-to-gold ratio, meaning how many ounces of the precious metal can be bought with one coin, rose by 3% over the past day to 14.72 ounces. During the same period, the flagship cryptocurrency gained more than 1%, according to CoinMarketCap. For comparison, in December 2025 this figure was 70% higher at 41 ounces. However, it remains above February lows, meaning the cryptocurrency has strengthened its position relative to gold, signalling renewed investor interest in digital assets.

See also: "NEAR Overcomes Market Weakness With a 20% Rebound"

#Gold #Bitcoin (BTC)

Editor: Alyona Nabok
Comments

Similar

27/03/26 04:32 UTC-04

Bitcoin is stronger than gold amid ETF outflows

Bitcoin is proving more resilient than traditional safe-haven assets, as gold and silver face pressure from fund outflows, position reductions, and deteriorating liquidity, according to Wall Street investment bank JPMorgan.

25/03/26 09:37 UTC-04

Bitcoin ETFs attract $2.5B as gold funds see outflows — “roles are reversing”

Bitcoin ETFs have attracted around $2.5 billion in inflows, offsetting earlier 2026 outflows and nearing a full year-to-date recovery. Meanwhile, gold ETFs are experiencing capital outflows, reflecting a shift in investor preferences. Analysts note that Bitcoin and gold are not directly inverse assets, but BTC is showing stronger investor confidence despite a roughly 40% price decline.