TradFi — bitcoin against the world it trades in
Gold, the dollar, Treasury yields, the Fed's rate and balance sheet, the money supply, inflation, oil and the federal debt — every series public, every chart drawn here, and bitcoin put on the same axis as the rest.
Bitcoin vs. the rest
Bitcoin, gold, the dollar and M2 on one axis, each rebased to 100 at the start of the window — what actually went up, and by how much.
Every line rebased to 100 at the start of the window.
How this is built
Bitcoin, gold, the dollar and M2 on one axis, each rebased to 100 at the start of the window — what actually went up, and by how much.
Formula100 × Xₜ / X₀
CoinGeckoPrice, market caps, all-time highs and dominance.
Blockchain.comFull-history market price used to backfill the long charts.
BitfinexGold's daily closes, from the tokenised ounce (XAUT) against the dollar.
KrakenGold's standby closes (PAXG), a stand-in for bitcoin's live price, and its order book and trades in the Foodchain.
FREDUS macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The chart and its method are Perly's; the data comes from the providers listed above and remains theirs. The method is free to reuse — please link back to this page.
Gold
Gold in dollars per troy ounce, from the tokenised ounce that trades every day of the week: Bitfinex's XAUT, with Kraken's PAXG standing by.
How this is built
Gold in dollars per troy ounce, from the tokenised ounce that trades every day of the week: Bitfinex's XAUT, with Kraken's PAXG standing by.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
Bitcoin in gold
Bitcoin priced in gold: how many ounces one coin buys. The two hard assets measured against each other, with the dollar taken out of the picture.
Troy ounces of gold per bitcoin.
How this is built
Bitcoin priced in gold: how many ounces one coin buys. The two hard assets measured against each other, with the dollar taken out of the picture.
FormulaP(BTC) / P(XAU)
- CoinGecko
Price, market caps, all-time highs and dominance.
- Blockchain.com
Full-history market price used to backfill the long charts.
- Bitfinex
Gold's daily closes, from the tokenised ounce (XAUT) against the dollar.
- Kraken
Gold's standby closes (PAXG), a stand-in for bitcoin's live price, and its order book and trades in the Foodchain.
The chart and its method are Perly's; the data comes from the providers listed above and remains theirs. The method is free to reuse — please link back to this page.
US dollar index
The dollar against its trading partners — the Fed's broad, trade-weighted index. A strong dollar has been a headwind for every risk asset, bitcoin included.
How this is built
The dollar against its trading partners — the Fed's broad, trade-weighted index. A strong dollar has been a headwind for every risk asset, bitcoin included.
- FRED
US macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
Treasury yields
The 10-year and 2-year US Treasury yields — the price of money over two horizons, and the gap between them.
How this is built
The 10-year and 2-year US Treasury yields — the price of money over two horizons, and the gap between them.
- FRED
US macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
Yield curve (10Y − 2Y)
Ten-year minus two-year. Below zero the curve is inverted, which has preceded every US recession of the last half-century — by a lag nobody has managed to time.
How this is built
Ten-year minus two-year. Below zero the curve is inverted, which has preceded every US recession of the last half-century — by a lag nobody has managed to time.
FormulaUS10Y − US2Y
- FRED
US macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
Fed funds rate
The effective federal funds rate — the overnight rate the Fed steers, and the floor under every other yield.
How this is built
The effective federal funds rate — the overnight rate the Fed steers, and the floor under every other yield.
- FRED
US macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
Fed balance sheet
What the Federal Reserve holds, in trillions of dollars: quantitative easing on the way up, tightening on the way down.
How this is built
What the Federal Reserve holds, in trillions of dollars: quantitative easing on the way up, tightening on the way down.
- FRED
US macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
M2 money supply
M2 money supply in trillions of dollars — the cash, deposits and money-market funds the dollar is made of.
How this is built
M2 money supply in trillions of dollars — the cash, deposits and money-market funds the dollar is made of.
- FRED
US macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
US inflation (CPI)
US consumer-price inflation, year over year, from the CPI.
How this is built
US consumer-price inflation, year over year, from the CPI.
- FRED
US macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
Oil (WTI)
West Texas Intermediate crude, dollars per barrel, daily.
How this is built
West Texas Intermediate crude, dollars per barrel, daily.
- FRED
US macro series — the dollar index, yields, the Fed, money supply, inflation and oil.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
US federal debt
Total US federal debt in trillions of dollars, to the penny, every business day.
How this is built
Total US federal debt in trillions of dollars, to the penny, every business day.
U.S. Treasury Fiscal DataThe US federal debt, to the penny, as the Treasury publishes it each day.
The series is shown as its provider publishes it. Perly draws the chart and adds nothing to the numbers; the data remains the provider's.
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