Bitcoin Bullish Outlook Persists Despite Trump’s Inaugural Silence on Crypto as ETH/BTC Rate Hits 3-Year Low

According to COINOTAG News dated January 21st, insights from CoinDesk reveal a prevailing sentiment amongst traders following Donald Trump’s inauguration speech, where no mention of cryptocurrency or Bitcoin was made. This lack of commentary has resulted in a prominent bullish sentiment towards Bitcoin as indicated by options trading on Deribit, contrasting significantly with the performance of Ethereum. Furthermore, the ETH/BTC trading pair is anticipated to maintain a bearish trend, with the exchange rate recently plummeting to 0.03, marking a significant low not seen in three years. Investors are closely monitoring these developments as they position their strategies amid the shifting landscape of cryptocurrency markets. The ongoing divergence in the outlook for Bitcoin versus Ethereum underscores the intricate dynamics at play within the digital asset space.