QCP Capital: ETH Leads the Crypto Market, Trump's Economic Policy Boosts US Stocks to New Highs

2024-11-27 17:20:22

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ChainCatcher news, QCP Capital's latest analysis indicates that Ethereum is performing strongly, with a rise of over 4% yesterday, while Bitcoin fell by 1.5% during the same period. The ETH/BTC exchange rate rebounded 13% from the post-election low of 0.0318 to 0.0366, showing that funds are shifting towards Ethereum. The increase in Ethereum significantly outpaced the 0.5% rise of the CoinDesk 20 index.

In addition, U.S. presidential elect Trump nominated Scott Bessent as Treasury Secretary, boosting market sentiment. The Dow Jones Industrial Average rose 439 points to 44,860, an increase of 0.99%; the S&P 500 index broke through 6,000 points; and the Nasdaq Composite Index rose by 0.75%. Bessent proposed a "three arrows" economic strategy, including goals of achieving a 3% budget deficit by 2028, 3% GDP growth, and an increase of 3 million barrels of oil per day.

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