QCP Capital: Changes in the ETH/BTC exchange rate indicate that the market is turning to ETH, and the market rebounded due to the news of the appointment of the US Treasury Secretary

QCP Capital posted on its official telegram channel: "With the holidays approaching, Bitcoin seems to have found a comfort zone above $93,000. Meanwhile, MicroStrategy recently bought another $5.4 million of BTC at an average price of $97,862, and its stock price fell 35% as a result. Despite this, MSTR stock price found support near its 20-day moving average, holding intraday lows and expected to find support above $350. After BTC's decline, ETH is recovering, rising more than 4% yesterday, while BTC fell 1.5% in the same period, and the ETH/BTC exchange rate soared 13% from the post-election low of 0.0318 to 0.0366, indicating that the market is turning to ETH. ETH's performance even outperformed the broader CoinDesk 20 index, which rose only 0.5%. Wall Street hit a record high after Trump nominated Scott Bessant as Treasury Secretary, boosting market sentiment. The Dow Jones surged 439 500 Index surpassed the 6,000 mark and the Nasdaq Composite Index rose 0.75%. Bessant outlined his "three arrows" strategy for the U.S. economy, which targets a 3% budget deficit, 3% GDP growth and an increase of 3 million barrels per day in oil production by 2028. Bessant's market-friendly strategy and potential willingness to ease Trump's tariff policy fueled optimism and drove a broad-based rebound across the market, led by risk assets. ”