Macroeconomist Lyn Alden wrote on X: "I have been a polite long-term Ethereum bear, but ETH/BTC's new low after the US presidential election was more brutal than I expected.

The new government that is open to crypto securities won the election. ETH/BTC rose first, then fell, and then hit a new low after the good news came."

TradingView data shows that 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).