Bitcoin, the cardinal cryptocurrency by market value, jumped nearly 10% to record highs above $76,000 Wednesday, as the pro-crypto Republican nominee Donald Trump won the U.S. presidential election. Meanwhile, gold fell 3% to $2,658. As such, the BTC/gold (BTC/XAU) ratio streamed 12% Wednesday, registering BTC’s biggest single-day outperformance relative to gold since Feb. 28, 2022, according to charting policy TradingView.
Home / CRYPTOCOINS / Bitcoin Soars as Gold Dips: The Stellar 12% Surge in BTC/XAU Signals a Market Shift
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