Gold (XAU), the US -led trading war, because of the fears of the safe port as a safe port, Bitcoin (BTC) is difficult to move upward. This led to a decrease in the Bitcoin-gold ratio.

According to TradingView data, the ratio between Bitcoin’s price in US dollars and the price of gold per ounce has declined to 34, seeing the lowest level since November 14th. This ratio approached the summit in March 2024 and has decreased by 15.4 %since the 40 level in the mid -December.

Gold prices have reached $ 2,877 per ounce since the beginning of the year, reaching $ 2,877 per ounce. Reuters, behind this ascension, the US-China Trading War due to concerns of increasing safe port demand, he says.

The climbing trading tensions between the US and China caused investors to turn to safe assets. The uncertainties related to tariffs have led to a very above spot price. As a result of these developments, the traders began to put a large amount of gold on the planes going to the USA.

According to The Guardian, JPMorgan plans to make a 4 billion dollar gold shipment to New York by attending this trend. In China, due to the upcoming Spring Festival, the demand for gold is rapidly increasing.

In this process, Bitcoin’s price movement draws a more complex picture. Although there are major entries to Spot Bitcoin (BTC) ETFs listed in the USA, there is no expected effect on the price. According to analyzes by 10x Research, these inputs are mainly caused by traders that perform non -directional arbitrage on BTC.

“ETF purchases can be balanced by sales in spot or term transactions at the same time, and this may not have a significant impact on the price,” 10x Research founder Markus Thielen said.

Thielen said that there is an introduction of $ 4 billion to Spot ETFs listed in the US since the announcement of inflation data.

The relationship between Bitcoin and gold changes depending on the risk perceptions of investors. While the demand for gold increased during the increasing global economic uncertainties, the uncertainty about how Bitcoin will react in such periods continues.

Macroeconomic factors, such as the US-China Trading War and Inflation concerns, cause investors to turn gold as a safe port. JPMorgan’s 4 billion dollars of gold delivery is also considered as an indicator of this trend.

On the other hand, Bitcoin’s price movements remain weak despite ETF entrances, while arbitrage operations increase the volatility in the market said.

These developments may cause investors to re -evaluate their portfolios and review market strategies. How the dynamics between Bitcoin and gold will develop will be shaped depending on macroeconomic events and investor sensitivity in the coming period.