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Bitcoin price still in bargain zone as US jobs report sparks rate cut hopes

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Bitcoin price is still “undervalued” despite the recent surge in institutional investor purchasing.

Key Takeaways:

Fidelity Digital Assets says Bitcoin is undervalued and the firm holds an optimistic mid-term outlook.

The JOLTS report shows a sharp drop in open US jobs, raising investors’ hope for Fed interest rate cuts.

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4h ago
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