Bitcoin is struggling to gain momentum and capture trader enthusiasm, with recent analysis suggesting it may be overvalued. The cryptocurrency's network activity index has dropped to its lowest level in over a year, driven by a significant decrease in daily transactions. In contrast, gold is experiencing strong performance, reaching a record high and attracting investors seeking a store of value. The upcoming release of the U.S. jobs report is expected to influence the Federal Reserve's rate plans, with a strong report potentially leading to risk aversion, while a weak report could spur demand for riskier assets like stocks and bitcoin.



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