According to Golden Ten, both JPMorgan Chase and Wells Fargo reported growth in first-quarter net interest income. The same goes for deposit account interest rates. Revenue also fell short of analysts' expectations.
Bitwise Asset Management pointed out that although historically, BTC’s price action has been mediocre in the month after the halving, its price growth has reached at least triple digits in the following year. For example, BTC was up 9% in the month after the 2012 halving, but over the next year it surged 8,839%. After the 2016 halving, BTC fell by 10% a month later, but rose by 285% in 2017, reaching a peak of $20,000. Likewise, BTC gained 6% in the month following the 2020 halving and then gained 548% in the following year. Bitwise said that although data is limited, market prices tend to underestimate the long-term impact of halving.
