BlockBeats news, on November 17, according to Cointelegraph, well-known macroeconomist Lyn Alden said that she has been a “polite long-term Ethereum bearer” and that after the presidential election results were ultimately more favorable to cryptocurrencies, relative to Bitcoin, Ethereum weakness comes as a surprise. “The post-election performance of the ETH/BTC exchange rate was more brutal than I expected. After Trump won the election, the exchange rate first rose and then fell, but the good news brought new lows.”
On November 14, according to HTX market information, the ETH/BTC exchange rate fell to 0.03358, the lowest since April 2021. James Fickel, who is “dead long” in the ETH/BTC exchange rate, also converted 2,000 ETH into 67.39 WBTC yesterday to repay his debt. He has lost a total of 24,400 ETH (approximately US$76.45 million) due to being long in the ETH/BTC exchange rate.
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<p>The post Economists talk about the ETH/BTC exchange rate reaching a new low after the election: more cruel than expected first appeared on CoinBuzzFeed.</p>
