CoinVoice has recently learned that QCP Capital's latest analysis points out that Ethereum is performing strongly, with an increase of over 4% yesterday, while Bitcoin dropped by 1.5% during the same period. The ETH/BTC exchange rate rebounded 13% from a post-election low of 0.0318 to 0.0366, indicating that funds are shifting towards Ethereum. The increase in Ethereum significantly outpaced the 0.5% increase in the CoinDesk 20 index.
In addition, U.S. President-elect Trump has nominated Scott Bessent as Treasury Secretary, boosting market sentiment. The Dow Jones Industrial Average rose 439 points to 44860 points, an increase of 0.99%; the S&P 500 index broke through 6000 points; the Nasdaq Composite Index rose by 0.75%. Bessent proposed a 'Three Arrows' economic strategy, which includes achieving a 3% budget deficit by 2028, 3% GDP growth, and a daily increase of 3 million barrels of oil production. [Original link]
