{"id":9780,"date":"2025-03-15T14:32:46","date_gmt":"2025-03-15T13:32:46","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=9780"},"modified":"2025-03-15T14:32:46","modified_gmt":"2025-03-15T13:32:46","slug":"bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/","title":{"rendered":"Bitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold"},"content":{"rendered":"

<\/p>\n

\n
\n
\n

Reasons to have faith<\/h3>\n<\/p><\/div>\n
\n
\n
\n <\/svg> <\/p>\n

Rigorous editorial standards emphasizing precision, relevance, and neutrality<\/p>\n<\/p><\/div>\n

\n <\/svg> <\/p>\n

Developed by field specialists and carefully assessed<\/p>\n<\/p><\/div>\n

\n <\/svg> <\/p>\n

The utmost standards in journalism and publishing<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n

Rigorous editorial standards emphasizing precision, relevance, and neutrality<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n Este art\u00edculo tambi\u00e9n est\u00e1 disponible en espa\u00f1ol.
\n <\/a>\n <\/div>\n

As Bitcoin (BTC) faces challenges during the recent crypto market downturn \u2013 struggling to decisively surpass the $84,000 barrier \u2013 gold (XAU) continues its remarkable ascent, reaching an unprecedented high of $3,000 per ounce on March 14.<\/span><\/p>\n

Bitcoin Loses Brilliance to Gold<\/span><\/h2>\n

The beginning of 2025 has proven difficult for the leading cryptocurrency. BTC has fallen over 10% year-to-date (YTD), declining from about $94,000 on January 1 to roughly $84,000 at the time of writing. Conversely, gold has surged nearly 13% during the same timeframe.<\/span><\/p>\n

Related Readings<\/span><\/h2>\n<\/p>\n

Market analyst Northstar <\/span>posted<\/span><\/a> the subsequent graph on X yesterday, depicting the BTC-to-gold ratio over the last 12 years. The graph indicates that BTC seems to be breaking below a key support threshold that has remained firm for more than a decade.<\/span><\/p>\n

\"gold\"
Source: Northstar on X<\/a><\/figcaption><\/figure>\n

Should Bitcoin maintain price action below this support threshold for several weeks or months, it might indicate the conclusion of the ongoing crypto bull market. BTC\u2019s lackluster performance compared to gold is also reflected in the differing capital inflows into BTC and gold exchange-traded funds (ETFs).<\/span><\/p>\n

As per <\/span>information<\/span><\/a> from the World Gold Council, US-based spot gold ETFs have drawn in excess of $6 billion in inflows YTD. Globally, spot gold ETFs have witnessed inflows surpassing $23 billion.<\/span><\/p>\n

In contrast, <\/span>data<\/span><\/a> from SoSoValue reveals that US-based spot BTC ETFs have seen nearly $1.5 billion in net outflows YTD. This stark difference in capital transitions reflects a shift in investor approach from risk-on to risk-off assets.<\/span><\/p>\n

Multiple reasons could account for investors\u2019 increasing reluctance toward risk-on assets, including new trade tariffs from US President Donald Trump, the US Federal Reserve\u2019s (Fed) aggressive monetary policy, and the recent decline in stock markets.<\/span><\/p>\n

Is The Crypto Bull Market Concluded?<\/span><\/h2>\n

BTC\u2019s subpar performance in comparison to gold raises concerns about the sustainability of the current crypto bull market. The aggregate crypto market capitalization has decreased by over $600 billion since the start of the year, currently estimated at about $2.8 trillion.<\/span><\/p>\n

Related Readings<\/span><\/h2>\n<\/p>\n

Famed gold proponent Peter Schiff contends that BTC has already been experiencing a bear market for the last three years. In a post on X, Schiff <\/span>asserted<\/span><\/a>:<\/span><\/p>\n

\n

One Bitcoin currently purchases 27.7 ounces of gold. At its peak in 2021, one Bitcoin was capable of acquiring 36.3 ounces of gold. This indicates that the value of Bitcoin has declined by 24% when measured in gold, which is true money, over the course of the last three and a half years.<\/span><\/p>\n<\/blockquote>\n

Nonetheless, favorable macroeconomic changes may still shift the current situation in BTC\u2019s favor. For instance, US inflation <\/span>appears<\/span><\/a> to be easing, potentially forcing the Fed to switch towards quantitative easing and enhancing market liquidity \u2013\u00a0 an opportunity for risk-on assets.<\/span><\/p>\n

Similarly, a <\/span>decline<\/span><\/a> in the US dollar index could rekindle <\/span>optimism<\/span><\/a> for assets such as stocks and cryptocurrencies. At the time of writing, BTC is trading at $84,902, having increased by 3.8% in the previous 24 hours.<\/span><\/p>\n

\"bitcoin\"
BTC trades at $84,902 on the daily chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image courtesy of Unsplash, charts sourced from X and TradingView.com<\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reasons to have faith Rigorous editorial standards emphasizing precision, relevance, and neutrality Developed by field specialists and carefully assessed The utmost standards in journalism and publishing Rigorous editorial standards emphasizing precision, relevance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este art\u00edculo tambi\u00e9n est\u00e1<\/p>\n","protected":false},"author":3,"featured_media":9781,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[1715],"class_list":["post-9780","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bitcoin-breaches-12-year-support-line-against-gold-gpt"],"yoast_head":"\nBitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"Reasons to have faith Rigorous editorial standards emphasizing precision, relevance, and neutrality Developed by field specialists and carefully assessed The utmost standards in journalism and publishing Rigorous editorial standards emphasizing precision, relevance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este art\u00edculo tambi\u00e9n est\u00e1\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-15T13:32:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/03\/bitcoin_9d2219.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1195\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/\",\"name\":\"Bitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/03\/bitcoin_9d2219.jpg\",\"datePublished\":\"2025-03-15T13:32:46+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/03\/bitcoin_9d2219.jpg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/03\/bitcoin_9d2219.jpg\",\"width\":1920,\"height\":1195,\"caption\":\"Bitcoin Breaches 12-Year Support Line Against Gold\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wsj-crypto.com\/#website\",\"url\":\"https:\/\/wsj-crypto.com\/\",\"name\":\"WSJ-Crypto\",\"description\":\"Just Another Crypto News Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wsj-crypto.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\",\"name\":\"wsjcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"caption\":\"wsjcrypto\"},\"url\":\"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold - WSJ-Crypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/","og_locale":"it_IT","og_type":"article","og_title":"Bitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold - WSJ-Crypto","og_description":"Reasons to have faith Rigorous editorial standards emphasizing precision, relevance, and neutrality Developed by field specialists and carefully assessed The utmost standards in journalism and publishing Rigorous editorial standards emphasizing precision, relevance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este art\u00edculo tambi\u00e9n est\u00e1","og_url":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/","og_site_name":"WSJ-Crypto","article_published_time":"2025-03-15T13:32:46+00:00","og_image":[{"width":1920,"height":1195,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/03\/bitcoin_9d2219.jpg","type":"image\/jpeg"}],"author":"wsjcrypto","twitter_card":"summary_large_image","twitter_misc":{"Scritto da":"wsjcrypto","Tempo di lettura stimato":"3 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/","url":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/","name":"Bitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/03\/bitcoin_9d2219.jpg","datePublished":"2025-03-15T13:32:46+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/03\/bitcoin_9d2219.jpg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/03\/bitcoin_9d2219.jpg","width":1920,"height":1195,"caption":"Bitcoin Breaches 12-Year Support Line Against Gold"},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/03\/15\/bitcoin-dips-below-a-decade-long-support-benchmark-compared-to-gold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Dips Below a Decade-Long Support Benchmark Compared to Gold"}]},{"@type":"WebSite","@id":"https:\/\/wsj-crypto.com\/#website","url":"https:\/\/wsj-crypto.com\/","name":"WSJ-Crypto","description":"Just Another Crypto News Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wsj-crypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Person","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7","name":"wsjcrypto","image":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","caption":"wsjcrypto"},"url":"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/9780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/comments?post=9780"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/9780\/revisions"}],"predecessor-version":[{"id":9783,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/9780\/revisions\/9783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/9781"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=9780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=9780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=9780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}