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Nvidia overvalued, bitcoin undervalued; Bitwise flags interest rates as key variable

Bitcoin has entered a historically undervalued zone on major valuation indicators, but the U.S. Federal Reserve\'s hawkish stance and competition for liquidity are limiting buying, an analysis said. Bitwise said bitcoin remains in a “severely undervalued” range based on the Mayer Multiple. Inflows remain weak, with CryptoQuant metrics showing continued deterioration. The Fed held rates, but policymakers signaled possible hikes, keeping pressure on speculative assets.