Bitcoin $97,393.9 And there are remarkable developments in the gold markets. Bitcoin’s market price is traded above the specified value range. Gold is approaching record levels with the increase in investor interest. In the markets, the eyes were converted into employment data to be announced in the USA.
Valuation and transaction volume in the Bitcoin market
Cryptoquant data show Bitcoin’s fair value between $ 48,000 and $ 95,000. However, Bitcoin’s current price is over $ 98,000. This increases the assessments that Bitcoin is traded above the value.
Bitcoin’s Network Activity Index decreased by 15 %since the summit in November and fell to 3.760 points. The number of daily transactions decreased by 53 %to 346,000. Investors have a cautious attitude towards the decline in the market.
Although the Trump family encouraged Bitcoin investments through World Liberty Financial, it did not have a significant impact on the market. It was observed that Eric Trump’s statements on Bitcoin investments were not reflected in the price movement.
Record levels approach in the gold market
Gold has gained more than 9 %value since the beginning of 2024. Gold, which recorded 2.32 %in the last week, has achieved its sixth weekly earnings in a row. The price per ounce reached $ 2,882.
UBS emphasizes that gold remains safe port in uncertain periods. Global economic uncertainties and interest policies of the central banks cause investors to turn under investors.
Non -agricultural employment data, which is expected to be released on Friday, can arise in the markets. Unemployment rate, salary increases and the number of new jobs added to employment will offer clues to the US Federal Reserve (FED) interest policies. Investors can create mobility in the Bitcoin and Gold Market by taking positions according to these data.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
