TechFlow news, January 15 — According to CoinDesk, Bitcoin surged past $97,000, breaking a key resistance level that had held for nearly two months. Although it previously underperformed compared to equities and precious metals, Bitcoin finally surpassed the $95,000 level that had constrained its gains since November. With potential further fiat currency depreciation in the U.S. driving up precious metal prices, Bitcoin’s relatively low valuation compared to precious metals could trigger capital rotation into digital assets. Market sentiment has also shifted toward "greed." On the regulatory front, the U.S. Senate Banking Committee has postponed revisions to its crypto market structure bill, and Coinbase has withdrawn its support for the legislation, which may have certain implications for the crypto market.
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