Bitcoin News: BTC to Gold Ratio Hits 18 as Both Assets Rally

Bitcoin now buys 18 ounces of gold, the highest reading on that ratio since January, and it’s climbing while both assets rally together after the Fed’s job data news.

The number forces a specific question onto the table: is Bitcoin capturing a durable share of the safe-haven trade from gold, or is it simply moving faster through a door gold already opened?The bitcoin-to-gold ratio is a straightforward comparison: bitcoin’s dollar price per coin divided by gold’s dollar price per ounce.

At 18.17, one bitcoin now covers a little over 18 ounces of the metal, and TradingView data pegs that as the strongest relative showing for bitcoin since January.BTCXAU, TradingviewIn dollar terms, Bitcoin is trading around $80,800 to $81,000.

That places BTC firmly in a zone traders have watched all week closely, with the asset also grinding back above $81,000 on shifting rate-hike expectations.Discover: The Best Token PresalesDebt Fears News Are Driving Bitcoin Both bitcoin and gold spent months lagging the AI-driven equity boom running through U.S.