QCP Capital published an analysis in the Telegram channel saying: "Despite strong stock market momentum, BTC is still struggling to recover after the Federal Open Market Committee (FOMC) meeting. Why is there such a divergence? We think it's because BTC miners are experiencing a post-halving collapse, which directly suppresses prices. Flowbank, one of the banks with a three-party agreement with Binance, is also facing bankruptcy proceedings.
Next we will have a quiet summer with low volatility and no catalysts that can drive the market. We don't think ETH will make a big move immediately, and Gensler expects the approval of the spot ETH ETF to take place in late summer."