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Economists: ETH/BTC fell to the lowest level in more than two years after the U.S. election, its performance is more brutal than expected
Odaily Planet Daily News Macro economist Lyn Alden wrote in a post on X, “I have always been a polite long-term bearish on ETH, but the new low of ETH/BTC after the US presidential election is even more brutal than I expected.” The new government, which is open to encryption securities, has won the election. ETH/BTC first pumped and then fell, but after the good news came, it hit a new low. According to TradingView data, 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).