Bitcoin breaks through $97000, market sentiment turns to 'greed'

Bitcoin broke through $97000 this week, breaking the key resistance level of $95000 in the past two months. Its previous performance lagged behind the stock market and precious metals. The potential depreciation of the US fiat currency is pushing up the prices of precious metals, while the relatively low price of Bitcoin may attract capital inflows into digital assets. The US Senate Banking Committee has postponed the revision of the Crypto Market Structure Act, and Coinbase has withdrawn its support for the bill.