Golden Finance reported that macroeconomist Lyn Alden wrote on X: "I have always been a polite long-term Ethereum bear, but ETH/BTC's performance after the US presidential election was even more brutal than I expected. The new government, which is open to crypto securities, won the election. ETH/BTC first rose, then fell, and then hit a new low after the good news came." Data from TradingView showed 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).