QCP Capital, a Singapore-based crypto investment institution, posted that BTC tested a high of $70,000 before the opening of the US stock market due to the frenzy triggered by Trump's speech over the weekend, but then plummeted by more than $3,000 hours later, falling below $67,000. This optimism did not last long as the US government moved around $2 billion worth of 30,000 BTC, while also holding another 39,000 BTC confiscated from the Silk Road founder. Meanwhile, ETH spot has performed relatively well compared to BTC following Trump's speech. Despite its spot ETF seeing outflows for the fourth day in a row, ETHBTC has gained 5% since then. In addition, ETH's volatility premium relative to BTC has also widened from 4% last week to around 8% for longer maturities.