Bitcoin broke through $97,000 this week, surpassing a key resistance level that had held for nearly two months. While it had previously lagged behind the stock market and precious metals, it finally broke through the $95,000 level that had been limiting its gains since November. As potential further devaluation of the US fiat currency pushes up precious metal prices, Bitcoin's low price relative to precious metals may stimulate a rotation of funds into digital assets, and market sentiment has turned "greedy." On the regulatory front, the US Senate Banking Committee delayed its revisions to the crypto market structure bill, and Coinbase withdrew its support for the bill, which could have some impact on the crypto market. (CoinDesk)