Svmuu News Bitcoin This week, Bitcoin broke through the $97,000 mark, shattering a key resistance level that had held for nearly two months. Although it had previously underperformed the stock market and precious metals, it ultimately broke through the $95,000 level that had been capping its gains since November.As potential further fiat currency devaluation in the U.S. is driving up precious metal prices, Bitcoin’s relative undervaluation compared to precious metals may spur a rotation of capital into digital assets, and the market sentiment index has also shifted to “greed.”On the regulatory front, the U.S. Senate Banking Committee has postponed revisions to its Crypto Market Structure Act, and Coinbase. has withdrawn its support for the bill, which may have some impact on the crypto market. (CoinDesk)