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

Quick Summary:

BTC struggles amid weak on-chain activity while gold shines bright ahead of the pivotal U.S.nonfarm payrolls report.

Moreover, the 10-year yield could see a sharp decline, given that the Trump administration is focused on lowering the same.

A big miss on expectations could see traders reconsider the possibility of faster Fed rate cuts, sending the 10-year Treasury yield lower.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCuba

Topics: Gold Bitcoin Markets Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 06:45:59 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25956263

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Main Topics: Crypto

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News Last Updated: 8 hours ago

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