Bitcoin's Value Against Gold Hits Highest Level Since Early February

Source
Son Min

Summary

  • Glassnode reported that Bitcoin’s value against gold reached the highest level since early February.
  • It was reported that, since June 22, Bitcoin has consistently outperformed gold in terms of price growth rate.
  • Currently, on the Binance USDT market, Bitcoin is trading at $122,228, up 3.71% from 24 hours ago.

The value of Bitcoin (BTC) compared to gold has hit its highest level since early February.

On the 14th (local time), Glassnode posted on X (formerly Twitter), stating, "Bitcoin's value against gold has reached its highest level since early February," and added, "In particular, since June 22 (local time), Bitcoin has consistently outperformed gold in terms of price growth, showing strong momentum."

As of 6:22 PM, on the Binance USDT market, Bitcoin is trading at $122,228, up 3.71% from 24 hours ago.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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