Bitcoin rises to $77,000 ahead of Fed decision as Trump preps for lengthy Hormuz block
By Shaurya Malwa
Published on April 29, 2026.
Bitcoin rose to $77,000 on Wednesday, despite a 0.1% increase over 24 hours and down 0.8% on the week. This comes as Iran prepares for an extended U.S. naval blockade of the Strait of Hormuz. The largest crypto, dogecoin, was the only top-10 token outside stablecoins to print green over seven days. Zaheer Ebtikar, founder of Split Research, believes this indicates a change in market dynamics. The technical levels are sharper, with analysts suggesting $75,000 is the line where the upward range that has held since late March could break. The Fed will announce its rate decision later on Wednesday.
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