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CoinDesk - by layer3.news
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2025-02-07 07:04:31
in reply to nevent1q…9jac

Bitcoin in a Mire, Gold Eyes 6th Straight Week of Gains as Jobs Data Looms


CoinDesk (nprofile…nhef)
✍️ Bitcoin's price remains stagnant, while gold continues to rise ahead of the US jobs report, which may influence the Fed's rate plans.
👉 Bitcoin's fair value lies between $48,000 and $95,000, according to CryptoQuant.
👉 Bitcoin's Network Activity Index has plummeted 15% from its peak in November.
👉 Daily transactions have fallen 53% from their all-time high in September.
👉 Gold has surged over 9% year-to-date, reaching a record high.
👉 UBS notes that gold's rise underscores its enduring appeal as a store of value and hedge against uncertainty.

#EricTrump #business
CoinDesk (nprofile…nhef)

BTC struggles amid weak on-chain activity while gold shines bright ahead of the pivotal U.S. nonfarm payrolls report.
https://www.coindesk.com/markets/2025/02/07/bitcoin-in-a-mire-gold-eyes-6th-straight-week-of-gains-as-jobs-data-looms

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