Crypto Market Macro Report: Bitcoin Returns to $80,000, Dramatic Reversal in US-Iran Situation, and Fed Leadership ChangeIn early May 2026, the global crypto market exhibited extreme divergence and high uncertainty under the combined influence of three major macro variables. On the geopolitical front, Trump grandly announced the launch of "Operation Freedom" on May 4th to escort commercial vessels in the Strait of Hormuz, only to dramatically suspend it a day later, claiming "significant progress has been made towards a comprehensive US-Iran agreement." However, Iran insists it remains in a state of war with the US and continues to close the Strait, demanding that all transiting vessels obtain permission from Iran. On the Federal Reserve front, around May 15th, Kevin Warsh is officially set to replace Jerome Powell as Chair, while the April 30th FOMC meeting left rates unchanged as expected.
