Bitcoin tested the high of 70,000 before the US stock market opened, driven by the enthusiasm caused by Trump's speech over the weekend, but plummeted more than 3,000 points to below 67,000 a few hours later.

The optimism did not last long, as the US government transferred 30,000 BTC worth about $2 billion, while also holding another 39,000 BTC confiscated from the founder of Silk Road.

Meanwhile, after Trump's speech, Ethereum spot performed relatively well compared to Bitcoin. Although its spot ETF saw outflows for the fourth consecutive day, Bitcoin, Ethereum has risen 5% since then.

In addition, Ethereum's volatility premium over Bitcoin has also widened from 4% last week to about 8% for longer maturities. Why is Ethereum performing strongly? The market may be immune to the headline outflow figures due to funds shifting from higher-priced ETHE to lower-priced ETH. $BTC $ETH #美国政府转移BTC #美联储何时降息？ #美国以太坊现货ETF开始交易 #美国大选如何影响加密产业？ #超级央行周