Gold Outshines Bitcoin as Central Banks Boost Gold Holdings
Gold has pulled ahead of Bitcoin again as weaker U.S. jobs data and falling Treasury yields revive demand for the precious metal.
The current ratio between Bitcoin (BTC) and gold, measured by CryptoRank's trader @trading_axe, shows that gold is gaining strength relative to Bitcoin. The chart indicates that gold will remain stronger before a potential reversal in 2026.
According to the World Gold Council, central banks added a net 41 metric tons of gold in May, while 89% of reserve managers surveyed expect global central-bank gold holdings to increase over the next year.
The current momentum favors gold, and for Bitcoin to demonstrate meaningful relative strength, it would need to defend the 251 million region and reclaim the nearby 310 million area. A move back above the blue midpoint would provide stronger evidence of a shift in momentum towards Bitcoin.