Gold drops to 7oz per BTC as Peter Schiff calls Bitcoin ‘biggest bubble’

Bitcoin (BTC) hit seven ounces of gold for the first time in over a year this week as the precious metal comes off all-time highs.

Data from CoinGecko showed BTC/XAU returning to the pivotal 7 ounce mark on Oct. 25, continuing to edge up to press-time levels of 7.02 ounces.

Gold hits one-year lows in BTC

Despite Bitcoin losing ground after challenging $14,000, the gains against gold remained on Thursday, as the traditional safe haven felt the pressure of Coronavirus tensions and U.S. election…


Source link

About bitcoin

Check Also

Bitcoin price dives back under $16,900 as whale deposits spike again

The price of Bitcoin (BTC) dropped below $16,900 again on Nov. 27 across top exchanges, …

Leave a Reply

Your email address will not be published. Required fields are marked *