Falling copper-to-gold ratio raises concerns for Bitcoin

Bitcoin struggles for momentum amid bullish indicators and falling copper-to-gold ratio Bitcoin (BTC) shows several bullish signals, including support from pro-crypto U.S. Republican presidential candidate Donald Trump and expectations for Federal Reserve rate cuts, CoinDesk reported. However, the copper-to-gold ratio is sliding, raising concerns for risk assets like cryptocurrencies. The ratio has hit a year-to-date low, down over 15% this year, marking its largest drop since 2018, according to TradingView data. This decline follows China’s stimulus measures to boost its economy, which coincided with a 10% drop in the ratio since late September. Historically, BTC's strongest years have aligned with an increasing copper-to-gold ratio, casting doubt on bullish expectations for a rally to $100,000 by year-end.