Bitcoin in a Mire, Gold Eyes 6th Straight Week of Gains as Jobs Data LoomsBTC struggles amid weak on-chain activity while gold shines bright ahead of the pivotal U.S. nonfarm payrolls report. By Omkar Godbole|Edited by Parikshit Mishra Feb 7, 2025, 6:45 a.m. UTC Bitcoin (BTC) continues to dawdle, failing to capture trader enthusiasm amid chatter about prices being overvalued, while gold remains strong ahead of the release of the U.S. jobs report, which will influence the Fed’s rate plans.Recent analysis from CryptoQuant indicates that bitcoin’s fair value lies between $48,000 and $95,000, highlighting that it appears overvalued at its current market price, which hovers just above $98,000. Is Bitcoin Creator Satoshi Nakamoto Canadian?Keep WatchingNext video in 7 secondsMore Videos0 of 2
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