Tom Lee: Changes in Federal Reserve monetary policy are the main obstacle to the weakness of the cryptocurrency market

Bitmine Chairman Tom Lee analyzed four factors contributing to the weakness of the cryptocurrency market at WebX 2026 and identified changes in Federal Reserve monetary policy as the main resistance. At the beginning of the year, the bond market expected the Federal Reserve to cut interest rates twice, but then the market expectation shifted towards two rate hikes, eliminating the previous expectation of four rate cuts. The loose monetary environment is conducive to the cryptocurrency market, and this macroeconomic change has become the main obstacle to the cryptocurrency market.