According to TechFlow, on November 27, QCP Capital analysis pointed out that Ethereum performed strongly, while Bitcoin fell 1.5%. The ETH/BTC exchange rate rebounded from 0.0318 to 0.0366.
US President-elect Trump nominated Scott Bessent as Treasury Secretary, which boosted market sentiment. The Dow Jones Industrial Average rose 439 points to 44,860, a gain of 0.99%, the S&P 500 broke through 6,000 points, and the Nasdaq Composite Index rose 0.75%.
Bessent proposed a "three-arrow" economic strategy, with goals including achieving a 3% budget deficit, 3% GDP growth and an increase of 3 million barrels of oil per day by 2028.
