Bitcoin Price Comparisons
Does Bitcoin move with gold, silver, oil or the dollar?
How closely Bitcoin’s monthly price changes have matched gold, silver, oil, the dollar and the euro.
Gold, silver and Bitcoin, monthly prices
Monthly average prices in US dollars since 2010. Gold’s and silver’s prices are on the scale beside the chart, and Bitcoin is the white line, with its prices on the far right. Prices can all climb over the years and still not move together month to month, which is what the numbers on this page measure.
US crude oil and Bitcoin, monthly prices
Monthly average prices in US dollars since 2010. Oil’s prices are on the scale beside the chart, and Bitcoin is the white line, with its prices on the far right. Each line has its own scale, so the chart shows when each rose or fell, not by how much.
The dollar and Bitcoin
The dollar against the currencies of the countries the US trades with most, since 2010. A rising line means a stronger dollar. Bitcoin’s daily closing price is the white line, with its prices on the far right. Each line has its own scale, so the chart shows when each rose or fell, not by how much.
Right now
Over the last three years, none of these moved much like Bitcoin. Silver came closest, at 0.13 on a scale from −1 to 1.
Monthly price changes over the three years to Oct 2026.
Gold
Hardly at all
Score: 0.00.
Silver
Hardly at all
Score: 0.13.
US crude oil
Hardly at all
Score: 0.13.
The euro’s price in dollars
Hardly at all
Score: −0.10.
The dollar
Hardly at all
Score: 0.04.
Which prices moved together?
Each number compares two prices’ monthly changes over the same months, on a scale from −1 to 1. Near 1, the two usually rose and fell together. Near 0, there was little link. Near −1, one usually rose when the other fell.
| Price | Bitcoin | Gold | Silver | US crude oil | The euro’s price in dollars | The dollar |
|---|---|---|---|---|---|---|
| Bitcoin | · | 0.00 | 0.13 | 0.13 | −0.10 | 0.04 |
| Gold | 0.00 | · | 0.70 | −0.08 | 0.42 | −0.47 |
| Silver | 0.13 | 0.70 | · | 0.03 | 0.25 | −0.32 |
| US crude oil | 0.13 | −0.08 | 0.03 | · | −0.28 | 0.24 |
| The euro’s price in dollars | −0.10 | 0.42 | 0.25 | −0.28 | · | −0.91 |
| The dollar | 0.04 | −0.47 | −0.32 | 0.24 | −0.91 | · |
| Price | Bitcoin | Gold | Silver | US crude oil | The euro’s price in dollars | The dollar |
|---|---|---|---|---|---|---|
| Bitcoin | · | 0.20 | 0.23 | 0.08 | 0.09 | −0.16 |
| Gold | 0.20 | · | 0.74 | 0.04 | 0.49 | −0.56 |
| Silver | 0.23 | 0.74 | · | 0.11 | 0.39 | −0.44 |
| US crude oil | 0.08 | 0.04 | 0.11 | · | −0.13 | 0.10 |
| The euro’s price in dollars | 0.09 | 0.49 | 0.39 | −0.13 | · | −0.91 |
| The dollar | −0.16 | −0.56 | −0.44 | 0.10 | −0.91 | · |
How much did each price change?
Each price’s monthly average against the same month one, three, five and ten years earlier.
| Price | One year | Three years | Five years | Ten years |
|---|---|---|---|---|
| Bitcoin | −28.0% | +176.1% | +41.8% | +12,703.5% |
| Gold | +1.2% | +114.2% | +131.0% | +224.0% |
| Silver | +15.4% | +154.5% | +143.6% | +222.0% |
| US crude oil | +62.3% | +14.1% | +20.2% | +95.8% |
| The euro’s price in dollars | −3.7% | +6.1% | −3.4% | +1.6% |
| The dollar | +0.6% | −1.6% | +6.5% | Not enough months |
Changes in how these figures are measured
- In June 2025 the official gold price changed how it is set: each day’s price is now halfway between that day’s highest and lowest price. Earlier months were not reworked the new way, so a small jump in June 2025 may come from the new method rather than from gold itself.
- In June 2019 the Federal Reserve changed how much each currency counts in its broad dollar index, to follow newer trade figures.
Understanding
Bitcoin Price Comparisons
None of gold, silver, oil or the dollar moved much like Bitcoin over the past three years as of .
What does moving together mean?
Two prices move together when their good months and bad months tend to line up: when one has a better month than usual, so does the other. The number does not compare the size of their moves, so gold can move far less than Bitcoin and still score close to 1.
How big does a number need to be?
Over three years, a number between about −0.3 and 0.3 is small enough to come from chance alone, so the page calls it ‘hardly at all’. Over five years that range narrows to about −0.25 to 0.25.
How is it worked out?
Each comparison takes the monthly average prices of two things over the same three or five years and measures how closely their monthly changes lined up. The result is a number from −1 to 1. If any month in those years has no published price, no number is given, so every number uses an unbroken run of three or five years. Moving together in the past does not explain why prices changed or predict what comes next.
What does it not tell you?
It does not say why two prices moved together. They can rise in the same months for different reasons, or because something else moved both, and a link that held for three years can disappear.
Keep exploring
Source: Maketo, ECB statistics, Federal Reserve Board, World Bank, Commodity Price Data (The Pink Sheet), CC BY 4.0.