Gold Outshines Bitcoin as Weak Jobs Data Weigh on Crypto
Gold prices surged over 7% last week to reach a seven-week high, driven by weaker-than-expected US jobs data and falling Treasury yields. The softer dollar also made gold more attractive compared to Bitcoin, which is showing relative weakness against the precious metal.
The BTC/GOLD ratio indicates that Bitcoin may remain weak until late 2026, with key support levels needing to hold for any recovery. Investors are watching upcoming US inflation data for further market direction.