PANews January 22 News, according to CoinDesk analysis, the price of Bitcoin relative to gold is currently in a deep bear market phase, with its performance consistently weaker than gold, which could challenge its narrative as “digital gold.” Currently, the Bitcoin-to-gold ratio is about 18.46, down approximately 55% from its peak in December 2024, and about 17% below its 200-week moving average line (around 21.90). Looking at a longer-term perspective, gold’s returns over the past year and five years have both outperformed Bitcoin.
Historical data shows that during previous major bear market cycles, the Bitcoin-to-gold ratio fell more than 30% below its 200-week moving average (2022) and remained below it for over a year. The current dip began in November 2025. If history repeats itself, this ratio could stay below the moving average throughout 2026. However, the maximum drawdown in past cycles was deeper than the current one, reaching 77% in 2022 and 84% in 2018.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ChatGPT Predicts Pi Coin Price if Bitcoin Hits a New All-Time High in 2026
Pi Network is holding its ground even while the crypto market feels shaky. They just rolled out Protocol 20, which sets the stage for smart contracts and future apps.
The Pi Coin price might not look exciting right now, but the tech behind it is getting stronger. Even with the market down, Pi
CaptainAltcoin8m ago
US Spot Cryptocurrency ETF Single-Day Net Outflow of $219.5 Million, Bitcoin ETF Outflow of $163.5 Million
Gate News: On March 19, according to SoSoValue data, US spot cryptocurrency ETFs experienced a net outflow of approximately $219.5 million that day, with Bitcoin ETFs seeing a net outflow of $163.5 million, with a Bitcoin ETF under a certain asset management institution leading the decline. (Note: The original text did not fully disclose specific outflow data for Ethereum ETFs and other products.)
GateNews1h ago
Presidio Bitcoin Quick Interview Discusses Bitcoin and AI Intersection
Gate News: On March 19, PresidioBitcoin participated in a quick interview, answering 21 questions in 21 minutes to discuss topics related to Bitcoin, artificial intelligence, and digital innovation. The interview focused on the intersection of cryptocurrency and AI technology, including AI applications to enhance blockchain efficiency and Bitcoin's role in the evolution of the digital economy.
GateNews2h ago
Singapore Ride-hailing Platform Ryde Incorporates Cryptocurrency Into Corporate Balance Sheet
Gate News: On March 19th, Singapore-based ride-hailing platform Ryde announced that it will incorporate cryptocurrency into its corporate balance sheet, becoming one of the enterprises in the sector to adopt a digital asset allocation strategy. This move marks a bold attempt by Ryde in asset management. Currently, an increasing number of enterprises are beginning to allocate digital assets such as Bitcoin on their balance sheets, and corporate asset allocation strategies are showing a diversified trend.
GateNews2h ago
North Carolina proposes bill to establish state Bitcoin reserve
North Carolina has proposed legislation to create a strategic Bitcoin reserve, allowing the state to invest in and manage Bitcoin. The initiative aims to enhance cryptocurrency adoption and could inspire other states to follow suit, diversifying state assets.
GateNews2h ago
