Trump Skips Crypto in Speech, Market Signals Bitcoin’s Edge Over Ether
The cryptocurrency community has been left in suspense as President Donald Trump made no mention of cryptocurrencies in his inauguration speech, leaving the industry’s future under his administration unclear. This absence has led to cryptocurrency options predicting losses on the Ethereum to Bitcoin ratio, while Bitcoin price rises slightly Prices drop.
Trump speech skips cryptocurrencies
during his tenureTrump talked about bringing the country together and solving economic and border issues. However, there is no mention of cryptocurrency or blockchain technology.
This disappoints many in the crypto world, who were hoping for clearer policy or even support for digital currencies. Previous rumors that Trump might announce a strategic Bitcoin reserve or support cryptocurrency policy turned out to be untrue.
Even the Republican Party’s public priorities do not include cryptocurrencies, leaving the digital space in disarray.
Ahead of Trump’s speech, the crypto market reacted positively to expectations of his mention of cryptocurrencies, which resulted in Bitcoin price reaching An all-time high of $109,000. However, things quickly took a turn when Trump made no further mention of cryptocurrencies or digital assets. This resulted in a sharp decline in cryptocurrency prices.
Bitcoin holds strong while ETH struggles
Maybe the data comes from Amber Tower Make the situation clearer. It shows that Bitcoin call options reflecting bullish sentiment are trading at a much higher price than Ethereum call options. This shows that investors have more trust in the future of Bitcoin.
Risk reversals, a measure of the difference between calls and puts, also show Bitcoin trading at a 4-5 point premium over Ethereum, highlighting stronger confidence in Bitcoin compared to Ethereum.
Additionally, the Ethereum to Bitcoin ratio, which compares the value of the two assets, fell to a three-year low of 0.03 this week. This further confirms Bitcoin’s current dominance in the market.
What’s next for cryptocurrencies?
Trump’s lack of focus on cryptocurrencies has left many curious about his administration’s plans. With no clear direction or policy, the crypto community can only wait. Currently, Bitcoin remains the top choice among investors, while Ethereum struggles to keep up.
