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.
You may also like
A long position in MON worth $6.5 million was fully liquidated.
ViaBTC donates approximately 3 million HKD to support Tai Po fire relief and community reconstruction in Hong Kong
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks