Bitcoin-to-gold ratio risks 35% decline following Wall Street's $13T wipeout

Bitcoin’s (BTC) value relative to gold (XAU) may be poised for a steep 35% drop as it mirrors historical bear market signals and reacts to massive turbulence that has wiped out $13 trillion from the US stock market. Bitcoin’s breaks below key gold supportAs of April 22, the BTC/XAU ratio had closed below its 50-period exponential moving average (50-period EMA; the red wave) on the two-week chart for the first time since April 2022. BTC/XAU two-week performance chart source: https://cointelegraph.com/news/bitcoin-to-gold-ratio-risks-35-decline-wall-street-s-13t-wipeout?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound