BTC rally against gold shows signs of slowing after 3 months

Bitcoin's rally against gold is showing signs of slowing for the first time in three months, according to an analysis by CoinDesk. The ratio, which compares the U.S. dollar price of Bitcoin to that of an ounce of gold, indicates which store-of-value asset investors prefer at a given time. The media outlet explained that ETF funds are shifting toward gold and other precious metals, noting that while over $2 billion has flowed out of Bitcoin funds, new capital has been entering gold and precious metal ETFs.