 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
Cryptocurrency News Articles
JP Morgan is all set up to soar physical gold delivery. This month they will bring a $4 billion watt of gold to the US.
Feb 06, 2025 at 03:42 am
A surge in physical gold trading has resulted in the Bitcoin gold ratio heating to its lowest point since November.
As per the latest updates, JP Morgan is gearing up to ramp up physical gold delivery. They will be bringing in 4 billion watts of gold to the US this month. Now, you must be wondering how this news is connected to cryptocurrency trading.
Well, a massive surge in physical gold trading has led to the Bitcoin to gold ratio heating up to reach its lowest point since November. Physical gold buying has been marked safe again as its price surges 10% in 2025. But what about Bitcoin to gold?
The state of affairs in gold trading
Gold trading is back to being a safe investment avenue. The US trade-war couldn’t really put a dent in it. But Bitcoin to gold which was supposed to gain a lot of steam in 2025 is instead facing some downside now.
What is the Bitcoin to gold ratio now?
The Bitcoin to gold ratio has dropped by 34 points recently. It is the ratio between the price of Bitcoin in terms of USD and the price of gold in the US per ounce (in terms of USD).
The road ahead
The immediate future seems bright for the yellow metal. But does that have any connection with gold ETF as well? Certainly. Bitcoin ETF trading is also seeing an uptick in non-directional bets on it.
However, this ongoing trend of ETF buying is not permanent. Any simultaneous future selling or any significant price fluctuation can offset it easily.
Recently, there has been a $4 billion inflow in the spot-listed US-based ETFs. It is mainly an inflation-driven action. At the same time, inflation-based impulse buying could also fizzle out if the prices stabilize.
A word for the traders
Do invest in Gold ETF, as the market is going bullish. Inflation is also becoming stable, but it won’t reduce anytime soon.
So, the gold prices will likely increase further. Especially with key players like JP Morgan complimenting traders with gold inflow, it is likely that the Bitcoin to gold ratio would fall further.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Ripple Locks 700 Million XRP in Escrow: A High-Stakes Gamble or a Strategic Shield?
- Feb 06, 2025 at 10:56 am
- Ripple's decision to lock 700 million XRP into escrow serves as a robust strategy to stabilize its token amidst market volatility. This move, by limiting the available supply of XRP, aims to prevent a free-fall in its value.
-
-
-
-
-
-
-
- XRP, SOL, DOGE Price Analysis: Key Levels to Watch as the Market Takes a Turn
- Feb 06, 2025 at 10:46 am
- XRP's price has plummeted below the 50 EMA, which frequently serves as a crucial support for bullish momentum. Solana (SOL) is at a turning point with its price hovering just above $200. Dogecoin is approaching a turning point as it approaches the 200 EMA
-
- Dogecoin (DOGE) Price Prediction: DOGE Might Still Hit $10 This Cycle, Here's the Timeline
- Feb 06, 2025 at 10:46 am
- Dogecoin is still reeling in losses after a crazy 40% decline at the start of the week. Although it has since recovered a bit, Dogecoin is still on a 20% loss in a seven-day timeframe at the time of writing.
