Macroeconomist Lyn Alden wrote on X: "I have always been a polite long-term Ethereum bear bearish, but ETH/BTC performed more brutally than I expected after the US Presidential Election. The new government, which was open to crypto securities, won the election. ETH/BTC first rose, then fell, then hit a new low after the good news." 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), according to TradingView data.