According to BlockBeats, QCP Capital reported on June 14 that despite the strong momentum of US stocks, Bitcoin (BTC) is struggling to recover after the Federal Open Market Committee (FOMC) meeting. They believe this is due to BTC miners experiencing a surrender after halving, which directly limits the price.
In discussing the future market, QCP Capital predicts a calm summer for the market with low volatility and no catalysts to drive the market. They do not expect Ethereum (ETH) to immediately rally. Gary Gensler, the chairman of the Securities and Exchange Commission, anticipates that the spot ETH ETF will be approved by the end of the summer. This is an ideal time to trade and accumulate coins before the end of the long calm summer, especially for ETH.