Tom Lee: Changes in Federal Reserve monetary policy are the main headwind for the crypto market’s weakness

Bitmine Chairman Tom Lee analyzed four factors behind crypto market weakness at WebX 2026, highlighting changes in Federal Reserve monetary policy as the main headwind. At the beginning of the year, the bond market expected the Federal Reserve to cut interest rates twice, but subsequently shifted to anticipating two rate hikes, thereby eliminating previous expectations of four rate cuts. A loose monetary environment is favorable for the cryptocurrency market, and this macroeconomic shift has become the primary headwind for the crypto market.