Bitcoin Surges Past $97K Amid Optimism Over Crypto Policies

Bitcoin reached an unprecedented $95,000, driven by reports of a potential cryptocurrency-focused role in Donald Trump's administration. This surge increased Bitcoin's market dominance to 60% and its November returns to over 33%. In contrast, Ethereum fell below $3,100, marking a weekly decline of over 3.5%. The market saw $350 million in leveraged positions liquidated, with a significant rise in Bitcoin's Open Interest, indicating speculative interest. Analysts predict further price movements, with market sentiment in the 'Extreme Greed' zone.