A new governance era has unfolded in America with the inauguration of Joe Biden as the 46th US President. Along with the official welcoming into of President Biden, the entire stock market has been responding positively.

Stock Market Responds Positively to President Joe Biden's Inauguration, but what about Bitcoin and Ethereum?

The major stock market indices recorded new daily highs with Dow Jones Industrial Average surging 0.83%, the S&P 500 gaining 1.39% and the tech-focused Nasdaq Composite surged by 1.97% to $13,457.25.

While the growth of these indices at yesterday’s close of trading showed overall strength in the market, the cryptocurrency markets, led by major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), have failed to record a complementary growth.

According to

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