Economist: ETH/BTC fell to a more than two-year low after the US election, and its performance was more brutal than expected
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Odaily Planet Daily Report: Macroeconomist Lyn Alden posted an article on X stating: "I have long been a polite long-term Ethereum bear, but the new lows in ETH/BTC after the US presidential election were even more brutal than I expected. The new administration, which is open to crypto assets, won the election. ETH/BTC first rose, then fell, but hit new lows after the good news arrived." TradingView data shows that on November 15, less than two weeks after the election, the ETH/BTC exchange rate fell to its lowest level since March 2021 (0.033).
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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