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Mike McGlone|Feb 12, 2025 12:53
What's Gold Got Going Toward 3,000? Fading Crypto's Trump Bump - The ounces of #gold equal to a #Bitcoin -- at about 33x on Feb. 11 -- might have room for more downward reversion, if the Bloomberg Galaxy Crypto Index is a guide. Showing divergent weakness, the index that peaked in 2021, didn't exceed the high in the post-US election pump.
Full report on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/srkhs5dwlu68 {BI COMD}
#commodities #metals #cryptos #macroeconomics @BBGIntelligence
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