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

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. According to Fidelity Digital Assets, Bitcoin’s (BTC) mid-term outlook dropped to an “optimism” zone, as the investment firm noted that BTC is trending toward “undervaluation. ” As proof, the firm cited the ‘Bitcoin Yardstick’ metric, which measures BTC’s market cap divided by its hashrate source: https://cointelegraph.com/news/bitcoin-price-still-in-bargain-zone-as-us-jobs-report-sparks-rate-cut-hopes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound