Bitcoin's price hovers around $110,000 as traders anticipate potential gains amid rising gold prices, which recently hit a record $3,508 per ounce. This surge highlights contrasting strategies among traders; some are looking to Bitcoin as an inflation hedge while others see gold as a safe haven against monetary debasement. The Federal Reserve's comments on possible rate cuts have intensified market interest in hard assets. Meanwhile, Ethereum shows signs of weakening with a significant decrease in active addresses. On the other hand, Solana is gaining traction in digital asset tokens. The upcoming non-farm payroll report is being closely watched, as a weaker jobs report may solidify the case for a rate cut, potentially enhancing risk appetite for cryptocurrencies. Overall market capitalization is up 1.8%, with Bitcoin rising by 2.7%. The divergence in performance between Bitcoin and gold suggests differing sentiments about risk and investment strategies in response to economic conditions.

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