Crypto markets reacted with restrained enthusiasm to Donald Trump's inauguration, as reported by Bybit and Block Scholes. Despite expectations of crypto-friendly policies, no significant market shifts occurred.
Market Reaction to the Inauguration
The report indicates that market focus on the inauguration fell short of substantial changes. Anticipations regarding Bitcoin-related executive orders went unmet, leading to a decrease in implied volatility.
Impact of TRUMP and MELANIA Tokens
The launch of tokens associated with Trump and his wife Melania led to brief activity in the derivatives markets, causing some temporary buzz but without lasting significant shifts.
Solana and Other Asset Prospects
Solana emerged unexpectedly amid the TRUMP token buzz, resulting in increased network activity and symbolic significance. While Bitcoin options showed hope for strategic initiatives, the market continues to display bullish sentiment.
The Bybit and Block Scholes report highlights that despite expectations and sentiments, there were no significant policy changes or corresponding market shifts. Meanwhile, Solana and some assets garnered temporary attention from market participants.
