During the recent market sell-off around November 6-7, both Bitcoin and gold prices declined, but Bitcoin held up better relative to gold. Fidelity's macro chief Jurrien Timmer highlights that the Bitcoin-to-gold ratio improved, with one Bitcoin now buying about 21 ounces of gold compared to 12 ounces at the cycle's low. This shift suggests Bitcoin is currently showing stronger relative strength and aligns with institutional trends, as Bitcoin ETFs have attracted nearly $55 billion since 2024, nearly double that of gold and silver ETFs. However, both assets remain correlated with stock market movements, limiting their safe-haven appeal during broad downturns. Timmer advises holding both as hedges against monetary and fiscal risks, with a tactical preference for Bitcoin in the near term.
Fidelity's Jurrien Timmer and Bitcoin versus gold provide context for market activity. For readers following cryptocurrencies, here is Pluang's market snapshot as of Nov 07, 2026 18:41 WIB: out of 50 major cryptocurrencies, 17 rose and 32 fell. Notable price changes include SXP down 46.27% at Rp37, ONE up 42.27% at Rp35 with 63% sell order activity, and BAL up 11.14% at Rp16.297.
During the first LEPAS Global Elegant Lifestyle Week, 34 ambassadors from 15 countries tested the LEPAS L6 EV on a 700 km route from Shanghai to Wuhu. The vehicle showcased strong performance across city, highway, and mountain roads, praised for its ...
During the first LEPAS Global Elegant Lifestyle Week, 34 Elegant Driving Ambassadors from 15 countries participated in the inaugural LEPAS Global Journey of Elegant Driving, driving the LEPAS L6 EV nearly 700 kilometers from Shanghai to Wuhu. The jou...
During the first LEPAS Global Elegant Lifestyle Week, 34 drivers from 15 countries tested the LEPAS L6 EV on a nearly 700 km journey across varied terrains in China. The vehicle's smooth power delivery, advanced electric drivetrain, and smart feature...
During the first LEPAS Global Elegant Lifestyle Week, 34 ambassadors from 15 countries tested the LEPAS L6 EV on a nearly 700 km route across China, highlighting its smooth power delivery, refined handling, and advanced smart features. The vehicle's ...
During the inaugural LEPAS Global Elegant Lifestyle Week, 34 ambassadors from 15 countries tested the LEPAS L6 EV on a 700km route in China, experiencing its versatile performance on urban roads, highways, and mountain paths. The vehicle's advanced c...
