According to The Kobeissi Letter, the copper-to-gold ratio has dropped to its lowest level in at least 40 years, signaling a potential recession. This ratio, which has historically been an indicator for economic health, has halved over the last three years. Recent data shows a significant acceleration of this decline, with gold prices rising by 9% while copper prices have plummeted, highlighting a potential shift in market dynamics that traders should closely monitor.

According to André Dragosch, PhD, today's Non-Farm Payrolls (NFP) release is potentially one of the most significant in a long time, with consensus expecting an increase of +137k jobs. Dragosch highlights that the risks are clearly to the downside, which may impact cryptocurrency markets as investors reassess risk levels and liquidity conditions. This data could influence Bitcoin and other cryptocurrencies due to its implications on economic health and potential monetary policy adjustments. Source: André Dragosch's Twitter.

According to The Kobeissi Letter, gold prices have moved in a straight-line higher, adding $7 trillion in market cap over the past 12 months, raising questions about economic health and potential implications for investors.