Crypto Holds In Better Than Expected Amid Blockade Developments & Hawkish FOMC, Watching HYPE Post-Crude Spike
Apr 29, 2026
- Geopolitics and Rates Pressure Risk Assets: Crypto faced a combination of macro headwinds today, with reports of an extended U.S. blockade of Iran pushing crude higher (~$108). At the same time, the FOMC delivered a more hawkish tone than expected, including multiple dissents against maintaining an “easing bias.” Fed funds futures now reflect a reduced probability of cuts and even some marginal pricing of hikes into early next year.
Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 1/2
In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.
Get unlimited access to Tom Lee's Fundstrat research
Subscribe
Already a member?
Log in