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Trump Skips Crypto in Speech, Market Signals Bitcoin’s Edge Over Ether
President Donald Trump’s inaugural address has left the cryptocurrency market reeling, as he failed to mention digital assets and blockchain technology. In a shocking move, Trump’s speech focused solely on traditional economic issues, sending shockwaves through the crypto community.
Despite the absence of any references to cryptocurrencies in his speech, the market is signaling its support for Bitcoin over Ethereum. Data from Amberdata shows that Bitcoin call options are trading at significantly higher prices than their Ethereum counterparts, indicating a strong bullish sentiment for the largest cryptocurrency by market capitalization.
The lack of any mention of digital assets or blockchain technology in Trump’s speech has left many wondering what this might mean for the future of the industry. While some were hoping for clear policy directions or even support for digital currencies, it appears that the new administration is not planning to prioritize cryptocurrencies.
In the aftermath of Trump’s inauguration speech, Bitcoin’s price dropped slightly, but investors are still showing a strong preference for the cryptocurrency over Ethereum.
Source: coinpedia.org
