The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.

Trump has vowed to impose sweeping tariffs on Mexico and other trading partners.

Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.

"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S.

While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.

Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.

"Given the uncertainty, Maelstrom has 5% of the fund in staked USDe (Ethena USD), earning roughly 13%," Hayes told CoinDesk.

BTC's best years have been characterized by copper's outperformance relative to gold.

The low pricing seems consistent with stable and rangebound implied volatility.

The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.