Macroeconomist: Surprised by the new low of ETH/BTC exchange rate after the general election
PANews reported on November 17th, according to Cointelegraph, macroeconomist Lyn Alden admitted that she is a "long-term bearish on Ethereum". She stated that she was surprised at the weak performance of ETH/BTC after the presidential election results were more favorable for Ethereum.
Data from TradingView shows that on November 15th, less than two weeks after the end of the general election, the ETH/BTC ratio fell to its lowest level in many years and has been at its lowest since March 2021, at 0.033.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Crypto stocks and ETFs generally closed lower, with BSOL down 1.33%
The Dow Jones Index closed up by 161.78 points, with both the S&P 500 and Nasdaq also rising.
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