QCP Capital: The change in ETH/BTC exchange rate indicates the market is shifting towards ETH, influenced by the news of the Treasury Secretary appointment leading to market rebound.

Odaily Planet Daily reported that QCP Capital stated on their official telegram channel: "As the holidays approach, Bitcoin seems to have found a comfort zone above $93,000. Meanwhile, MicroStrategy recently purchased $5.4 million of BTC again at an average price of $97,862, causing its stock price to drop by 35%. Nevertheless, MSTR's stock price found support near its 20-day moving average, maintaining the intraday low, and is expected to find support above $350. After the decline of BTC, ETH is recovering, having risen over 4% yesterday, while BTC fell by 1.5% during the same period. The ETH/BTC exchange rate surged 13% from the post-election low of 0.0318, reaching 0.0366, indicating a market shift towards ETH. ETH's performance even surpassed the broader CoinDesk 20 index, which only rose by 0.5%. Wall Street hit a historical high after Trump nominated Scott Basset as Treasury Secretary, boosting market sentiment. The Dow Jones Industrial Average surged 439 points (0.49%) to 44,860 points, the S&P 500 index broke the 6,000-point barrier, and the Nasdaq Composite rose by 0.75%. Basset outlined his "three arrows" strategy for the U.S. economy, aiming to reduce the budget deficit to 3% by 2028, achieve 3% GDP growth, and increase oil production by 3 million barrels per day. Basset's market-friendly strategy and potential willingness to ease Trump's tariff policies fueled optimism, driving a broad rebound across the market, leading risk assets to lead the way."