The breakout can be attributed to President Donald Trump's pro-crypto stance and the friendly policies that may follow now that his administration is officially in office. Between Nov. 5 and Jan. 17 (the date of this writing), XRP (CRYPTO: XRP) has soared by 539%, Dogecoin (CRYPTO: DOGE) has jumped by 154%, and Bitcoin (CRYPTO: BTC) has climbed by 50%.
Multi-asset investment portfolios with allocations to bitcoin are consistently outperforming those that don't hold the cryptocurrency, the report said.
Options continue to show a bias for BTC relative to ETH despite Trump bypassing any mention of strategic bitcoin reserve in his inaugural speech on Monday.
Donald Trump was inaugurated as the 47th President of the United States on Jan. 20, delivering a speech that celebrated American innovation and entrepreneurship.