Bitcoin Tumbles to $78,710 as Warsh Takes Fed Chair and Thorchain Hack Hits Sentiment

Bitcoin Tumbles to ,710 as Warsh Takes Fed Chair and Thorchain Hack Hits Sentiment
May 15, 2026

LATEST NEWS

Bitcoin Tumbles to $78,710 as Warsh Takes Fed Chair and Thorchain Hack Hits Sentiment

Bitcoin Tumbles to $78,710 as Warsh Takes Fed Chair and Thorchain Hack Hits Sentiment


IBOV
176,689
▼ 0.94%



IPSA
10,334
▼ 1.42%



IPC MEX
68,286
▼ 1.33%



MERVAL
2,746,604
▼ 0.03%



COLCAP
2,118
▼ 0.22%



BVL PERÚ
19,767
▲ 0.37%



USD/BRL
5.06
▲ 1.61%



USD/MXN
17.35
▲ 0.76%



USD/CLP
904.77
▲ 0.93%



USD/COP
3,782
▼ 0.28%



USD/PEN
3.43
▲ 0.19%



USD/ARS
1,394
▲ 0.16%



USD/UYU
40.07
▲ 2.20%



USD/PYG
6,066
▲ 1.03%



USD/BOB
6.86
▲ 1.79%



USD/DOP
59.34
▲ 0.58%



USD/CRC
451.24
▲ 1.80%



USD/GTQ
7.62
▲ 2.21%



USD/HNL
26.61
▲ 0.36%



USD/NIO
36.62
▲ 0.31%



USD/VES
513.89
▼ 0.13%



USD/PAB
1.00
▲ 2.18%



USD/BZD
2.00
▲ 1.61%



USD/JMD
157.29
▲ 0.43%



USD/TTD
6.74
▲ 1.31%



EUR/BRL
5.88
▲ 0.01%



BRENT
108.60
▲ 2.72%



WTI
99.90
▼ 1.26%



IRON ORE
161.91
— —



COPPER
6.30
▼ 4.09%



GOLD
4,563
▼ 2.47%



SILVER
77.17
▼ 9.12%



SOY
1,181
▲ 0.53%



CORN
457.75
▲ 1.38%



WHEAT
638.75
▼ 1.28%



COFFEE
267.60
▼ 9.12%



SUGAR
14.69
▼ 2.00%



ORANGE JUICE
169.45
▼ 6.54%



COTTON
81.04
▼ 3.45%



COCOA
3,980
▼ 4.99%



BEEF
247.95
▼ 1.64%



CATTLE
361.40
▼ 1.68%



LITHIUM
84.17
▼ 3.20%



PETR4
45.26
▲ 0.58%



VALE3
81.33
▼ 1.86%



ITUB4
39.83
▼ 1.41%



BBDC4
17.65
▼ 1.07%



ABEV3
15.85
▲ 0.51%



BBAS3
20.49
▼ 1.30%



B3SA3
16.69
▼ 1.42%



WEGE3
43.35
▼ 0.85%



PRIO3
68.21
▲ 1.37%



SUZB3
42.37
▼ 0.59%



RENT3
43.02
▼ 2.09%



AZZA3
19.34
▲ 2.60%



CSAN3
4.51
▼ 3.01%



RAIZ4
0.44
— 0.00%



PCAR3
2.27
▼ 1.30%



GMAT3
4.34
▲ 1.17%



PSSA3
48.30
▼ 0.82%



CVCB3
1.83
▼ 3.17%



POSI3
3.91
▼ 1.51%



SLCE3
17.49
▲ 0.87%



NATU3
9.77
▼ 0.20%



BRKM5
12.20
▲ 0.41%



RANI3
7.86
▼ 0.13%



CSNA3
6.28
▼ 5.85%



CMIN3
4.65
▼ 2.52%



USIM5
9.32
▼ 5.76%



GGBR4
23.12
▼ 1.95%



ENEV3
25.49
▼ 1.77%



NEOE3
33.80
— 0.00%



CPFE3
44.89
▼ 0.71%



CMIG4
11.23
▼ 0.44%



EQTL3
38.62
▼ 0.46%



LREN3
13.67
▼ 0.36%



VIVT3
35.95
▲ 1.01%



RAIL3
15.19
▼ 0.52%



KLABIN
16.70
▼ 0.95%



RAIA DROGASIL
19.93
▲ 1.48%



RDOR3
34.60
▼ 0.43%



HAPV3
12.72
▼ 4.07%



FLRY3
15.74
▼ 1.38%



SMTO3
18.26
▼ 0.76%



UGPA3
29.00
▼ 1.86%



VBBR3
33.15
▼ 0.72%



BBSE3
34.33
▼ 0.44%



BPAC11
54.65
▼ 1.34%



CURY3
31.05
▲ 1.47%



AERI3
2.40
▼ 1.23%



VIVARA
22.96
▼ 0.17%



COMPASS
25.17
▼ 4.66%



VAMOS
3.40
▼ 2.58%



SANB11
26.94
▼ 0.74%



ASAI3
8.62
▲ 0.35%



SBSP3
28.88
▼ 2.17%



WALMEX
54.21
▼ 0.59%



GMEXICO
201.99
▼ 4.51%



FEMSA
211.92
▲ 0.72%



CEMEX
22.45
▼ 0.93%



GFNORTE
184.00
▼ 1.01%



BIMBO
58.92
▼ 0.19%



TELEVISA
9.85
▲ 0.51%



AMX
23.27
▼ 0.51%



GAP
418.26
▼ 0.23%



ASUR
297.69
▼ 1.15%



OMA
224.51
▼ 0.01%



KOF
180.94
▼ 0.08%



GRUMA
298.50
▲ 0.21%



KIMBER
38.39
▼ 0.26%



SQM-B
75,988
▼ 2.83%



COPEC
6,060
▼ 1.46%



BSANTANDER
67.80
▼ 1.88%



FALABELLA
5,356
▼ 1.57%



ENELAM
76.25
▼ 2.37%



CENCOSUD
2,090
▼ 1.64%



CMPC
1,053
▼ 1.10%



BANCO CHILE
161.24
▼ 1.38%



LATAM AIR
21.70
▼ 1.81%



YPF
65,500
▲ 0.31%



GGAL
6,095
▼ 1.46%



PAMPA
4,800
▲ 1.43%



TXAR
610.00
▼ 0.33%



ALUAR
939.50
▼ 0.53%



TGS
8,805
— 0.00%



CEPU
2,116
— 0.00%



MIRGOR
17,575
▼ 1.26%



COME
43.29
▲ 0.28%



LOMA NEGRA
3,180
▲ 0.55%



BYMA
282.25
▲ 0.80%



TELECOM ARG
3,670
▲ 0.27%



ECOPETROL
13.26
▲ 0.26%



BANCOLOMBIA
63.64
▼ 1.09%



GRUPO AVAL
4.20
▼ 0.71%



CREDICORP
326.49
▼ 0.37%



SOUTHERN COPPER
178.34
▼ 5.39%



BUENAVENTURA
34.63
▼ 6.78%



MERCADOLIBRE
1,574
▼ 2.08%



NUBANK
12.19
▼ 5.72%



XP
17.38
▼ 1.28%



PAGSEGURO
8.85
▼ 1.78%



STONE
9.72
▲ 0.15%



GLOBANT
38.50
▲ 12.97%



TECNOGLASS
40.35
▼ 1.66%



GAP AIRPORT
242.03
▼ 0.68%



ASUR
297.69
▼ 1.15%



OMA AIRPORT
103.56
▼ 0.88%



AMX ADR
26.84
▼ 0.92%



FEMSA ADR
122.60
▲ 0.29%



CEMEX ADR
12.95
▼ 1.63%



PETROBRAS ADR
19.72
▼ 0.30%



VALE ADR
16.05
▼ 3.20%



ITAU ADR
7.86
▼ 3.02%



SANTANDER BR
5.35
▼ 1.83%



AMBEV ADR
3.12
▼ 1.11%



CSN
1.27
▼ 5.93%



GERDAU
4.57
▼ 3.08%



LATAM ADR
47.64
▼ 3.31%



BTC
78,951
▼ 2.59%



ETH
2,208
▼ 3.21%



SOL
88.86
▼ 3.57%



XRP
1.44
▼ 3.29%



BNB
673.73
▼ 0.62%



ADA
0.26
▼ 4.24%



DOGE
0.11
▼ 3.01%



AVAX
9.46
▼ 4.41%



LINK
10.01
▼ 4.41%



DOT
1.30
▼ 4.25%



LTC
56.71
▼ 2.49%



BCH
425.42
▼ 2.13%



TRX
0.35
▼ 0.86%



XLM
0.15
▼ 5.11%



HBAR
0.09
▼ 2.87%



NEAR
1.53
▼ 2.51%



ATOM
1.96
▼ 4.14%



AAVE
93.16
▼ 5.20%



SELIC
14.50%




EMBRAER
72.02
▼ 0.70%



EMBRAER ADR
56.92
▼ 3.07%



JBS
13.61
▼ 2.68%



JBS BDR
68.76
▼ 1.35%



MBRF3
17.37
▼ 0.29%



MBRFY
3.43
▼ 2.83%



INTER
5.86
▼ 3.38%



IBOV
176,689
▼ 0.94%



IPSA
10,334
▼ 1.42%



IPC MEX
68,286
▼ 1.33%



MERVAL
2,746,604
▼ 0.03%



COLCAP
2,118
▼ 0.22%



BVL PERÚ
19,767
▲ 0.37%



USD/BRL
5.06
▲ 1.61%



USD/MXN
17.35
▲ 0.76%



USD/CLP
904.77
▲ 0.93%



USD/COP
3,782
▼ 0.28%



USD/PEN
3.43
▲ 0.19%



USD/ARS
1,394
▲ 0.16%



USD/UYU
40.07
▲ 2.20%



USD/PYG
6,066
▲ 1.03%



USD/BOB
6.86
▲ 1.79%



USD/DOP
59.34
▲ 0.58%



USD/CRC
451.24
▲ 1.80%



USD/GTQ
7.62
▲ 2.21%



USD/HNL
26.61
▲ 0.36%



USD/NIO
36.62
▲ 0.31%



USD/VES
513.89
▼ 0.13%



USD/PAB
1.00
▲ 2.18%



USD/BZD
2.00
▲ 1.61%



USD/JMD
157.29
▲ 0.43%



USD/TTD
6.74
▲ 1.31%



EUR/BRL
5.88
▲ 0.01%



BRENT
108.60
▲ 2.72%



WTI
99.90
▼ 1.26%



IRON ORE
161.91
— —



COPPER
6.30
▼ 4.09%



GOLD
4,563
▼ 2.47%



SILVER
77.17
▼ 9.12%



SOY
1,181
▲ 0.53%



CORN
457.75
▲ 1.38%



WHEAT
638.75
▼ 1.28%



COFFEE
267.60
▼ 9.12%



SUGAR
14.69
▼ 2.00%



ORANGE JUICE
169.45
▼ 6.54%



COTTON
81.04
▼ 3.45%



COCOA
3,980
▼ 4.99%



BEEF
247.95
▼ 1.64%



CATTLE
361.40
▼ 1.68%



LITHIUM
84.17
▼ 3.20%



PETR4
45.26
▲ 0.58%



VALE3
81.33
▼ 1.86%



ITUB4
39.83
▼ 1.41%



BBDC4
17.65
▼ 1.07%



ABEV3
15.85
▲ 0.51%



BBAS3
20.49
▼ 1.30%



B3SA3
16.69
▼ 1.42%



WEGE3
43.35
▼ 0.85%



PRIO3
68.21
▲ 1.37%



SUZB3
42.37
▼ 0.59%



RENT3
43.02
▼ 2.09%



AZZA3
19.34
▲ 2.60%



CSAN3
4.51
▼ 3.01%



RAIZ4
0.44
— 0.00%



PCAR3
2.27
▼ 1.30%



GMAT3
4.34
▲ 1.17%



PSSA3
48.30
▼ 0.82%



CVCB3
1.83
▼ 3.17%



POSI3
3.91
▼ 1.51%



SLCE3
17.49
▲ 0.87%



NATU3
9.77
▼ 0.20%



BRKM5
12.20
▲ 0.41%



RANI3
7.86
▼ 0.13%



CSNA3
6.28
▼ 5.85%



CMIN3
4.65
▼ 2.52%



USIM5
9.32
▼ 5.76%



GGBR4
23.12
▼ 1.95%



ENEV3
25.49
▼ 1.77%



NEOE3
33.80
— 0.00%



CPFE3
44.89
▼ 0.71%



CMIG4
11.23
▼ 0.44%



EQTL3
38.62
▼ 0.46%



LREN3
13.67
▼ 0.36%



VIVT3
35.95
▲ 1.01%



RAIL3
15.19
▼ 0.52%



KLABIN
16.70
▼ 0.95%



RAIA DROGASIL
19.93
▲ 1.48%



RDOR3
34.60
▼ 0.43%



HAPV3
12.72
▼ 4.07%



FLRY3
15.74
▼ 1.38%



SMTO3
18.26
▼ 0.76%



UGPA3
29.00
▼ 1.86%



VBBR3
33.15
▼ 0.72%



BBSE3
34.33
▼ 0.44%



BPAC11
54.65
▼ 1.34%



CURY3
31.05
▲ 1.47%



AERI3
2.40
▼ 1.23%



VIVARA
22.96
▼ 0.17%



COMPASS
25.17
▼ 4.66%



VAMOS
3.40
▼ 2.58%



SANB11
26.94
▼ 0.74%



ASAI3
8.62
▲ 0.35%



SBSP3
28.88
▼ 2.17%



WALMEX
54.21
▼ 0.59%



GMEXICO
201.99
▼ 4.51%



FEMSA
211.92
▲ 0.72%



CEMEX
22.45
▼ 0.93%



GFNORTE
184.00
▼ 1.01%



BIMBO
58.92
▼ 0.19%



TELEVISA
9.85
▲ 0.51%



AMX
23.27
▼ 0.51%



GAP
418.26
▼ 0.23%



ASUR
297.69
▼ 1.15%



OMA
224.51
▼ 0.01%



KOF
180.94
▼ 0.08%



GRUMA
298.50
▲ 0.21%



KIMBER
38.39
▼ 0.26%



SQM-B
75,988
▼ 2.83%



COPEC
6,060
▼ 1.46%



BSANTANDER
67.80
▼ 1.88%



FALABELLA
5,356
▼ 1.57%



ENELAM
76.25
▼ 2.37%



CENCOSUD
2,090
▼ 1.64%



CMPC
1,053
▼ 1.10%



BANCO CHILE
161.24
▼ 1.38%



LATAM AIR
21.70
▼ 1.81%



YPF
65,500
▲ 0.31%



GGAL
6,095
▼ 1.46%



PAMPA
4,800
▲ 1.43%



TXAR
610.00
▼ 0.33%



ALUAR
939.50
▼ 0.53%



TGS
8,805
— 0.00%



CEPU
2,116
— 0.00%



MIRGOR
17,575
▼ 1.26%



COME
43.29
▲ 0.28%



LOMA NEGRA
3,180
▲ 0.55%



BYMA
282.25
▲ 0.80%



TELECOM ARG
3,670
▲ 0.27%



ECOPETROL
13.26
▲ 0.26%



BANCOLOMBIA
63.64
▼ 1.09%



GRUPO AVAL
4.20
▼ 0.71%



CREDICORP
326.49
▼ 0.37%



SOUTHERN COPPER
178.34
▼ 5.39%



BUENAVENTURA
34.63
▼ 6.78%



MERCADOLIBRE
1,574
▼ 2.08%



NUBANK
12.19
▼ 5.72%



XP
17.38
▼ 1.28%



PAGSEGURO
8.85
▼ 1.78%



STONE
9.72
▲ 0.15%



GLOBANT
38.50
▲ 12.97%



TECNOGLASS
40.35
▼ 1.66%



GAP AIRPORT
242.03
▼ 0.68%



ASUR
297.69
▼ 1.15%



OMA AIRPORT
103.56
▼ 0.88%



AMX ADR
26.84
▼ 0.92%



FEMSA ADR
122.60
▲ 0.29%



CEMEX ADR
12.95
▼ 1.63%



PETROBRAS ADR
19.72
▼ 0.30%



VALE ADR
16.05
▼ 3.20%



ITAU ADR
7.86
▼ 3.02%



SANTANDER BR
5.35
▼ 1.83%



AMBEV ADR
3.12
▼ 1.11%



CSN
1.27
▼ 5.93%



GERDAU
4.57
▼ 3.08%



LATAM ADR
47.64
▼ 3.31%



BTC
78,951
▼ 2.59%



ETH
2,208
▼ 3.21%



SOL
88.86
▼ 3.57%



XRP
1.44
▼ 3.29%



BNB
673.73
▼ 0.62%



ADA
0.26
▼ 4.24%



DOGE
0.11
▼ 3.01%



AVAX
9.46
▼ 4.41%



LINK
10.01
▼ 4.41%



DOT
1.30
▼ 4.25%



LTC
56.71
▼ 2.49%



BCH
425.42
▼ 2.13%



TRX
0.35
▼ 0.86%



XLM
0.15
▼ 5.11%



HBAR
0.09
▼ 2.87%



NEAR
1.53
▼ 2.51%



ATOM
1.96
▼ 4.14%



AAVE
93.16
▼ 5.20%



SELIC
14.50%




EMBRAER
72.02
▼ 0.70%



EMBRAER ADR
56.92
▼ 3.07%



JBS
13.61
▼ 2.68%



JBS BDR
68.76
▼ 1.35%



MBRF3
17.37
▼ 0.29%



MBRFY
3.43
▼ 2.83%



INTER
5.86
▼ 3.38%

Live ticker intelligence

Crypto Live Market Board

Live market data
May 15, 12:06

Instrument
Last
Change
YoY
Prev.
High
Low
Volume

BTC
78,951
-2.59%
-23.88%
81,051
81,586
78,713
48,982,036,480

ETH
2,208
-3.21%
-13.31%
2,281
2,297
2,211
21,517,111,296

SOL
88.86
-3.57%
-47.40%
92.15
92.52
88.90
4,505,794,048

XRP
1.44
-3.29%
-39.68%
1.48
1.50
1.43
4,527,810,560

BNB
673.73
-0.62%
+3.45%
677.94
689.12
671.95
1,893,759,488

ADA
0.26
-4.24%
-66.02%
0.27
0.27
0.26
592,842,240

DOGE
0.11
-3.01%
-48.98%
0.12
0.12
0.11
2,534,960,896

AVAX
9.46
-4.41%
-59.63%
9.90
9.95
9.46
254,067,824

LINK
10.01
-4.41%
-37.44%
10.47
10.53
10.01
776,582,016

DOT
1.30
-4.25%
-72.63%
1.36
1.37
1.30
193,456,144

LTC
56.71
-2.49%
-42.78%
58.16
58.44
56.57
358,264,160

BCH
425.42
-2.13%
+7.51%
434.68
437.12
424.88
301,618,528

TRX
0.35
-0.86%
+28.38%
0.35
0.35
0.35
748,535,680

XLM
0.15
-5.11%
-47.37%
0.16
0.16
0.15
206,896,928

HBAR
0.09
-2.87%
-53.30%
0.09
0.10
0.09
101,359,136

NEAR
1.53
-2.51%
-46.86%
1.57
1.59
1.52
233,503,488

ATOM
1.96
-4.14%
-59.69%
2.05
2.05
1.95
52,458,560

AAVE
93.16
-5.20%
-58.28%
98.27
98.89
92.80
304,566,304

Largest live moves in this report universe

AAVE
93.16
-5.20%

XLM
0.15
-5.11%

AVAX
9.46
-4.41%

LINK
10.01
-4.41%

DOT
1.30
-4.25%

ADA
0.26
-4.24%

ATOM
1.96
-4.14%

SOL
88.86
-3.57%

Live cross-market prices, session ranges and volume update through the day, giving each report a richer read on the instruments that matter most for the session.

Rio Times Intraday Brief · Crypto

Friday, May 15, 2026 · 14:00 UTC Update · Follow-Up to AM Report

Summary

Bitcoin fell to $78,710 by 13:57 UTC Friday — a 2.55% intraday drop from the $80,767 print this morning. The Clarity Act bid that lifted BTC to $82,000 on Thursday has unwound on three converging negatives: Warsh took the Fed Chair, Treasury yields hit their highest since mid-2025 after the 3.8% April CPI, and Thorchain halted trading after a $10.8M cross-chain exploit dropped RUNE 12%. The 200-DMA at $80,671 rejected price for the fifth time this month.

The Big Three

1.
BTC fell to $78,710 by 13:57 UTC — a 2.55% drop from this morning’s $80,767 perpetuals print, below the 200-DMA at $80,671 that the morning brief called “the active pivot.” The 4h candle opened $80,618, hit $80,628 high, collapsed to $78,656 low. The level rejected price for the fifth time in two weeks. The morning Scenario range ($74,991 — $83,071) is intact; price is now well into the lower half.

2.
Kevin Warsh officially took the Fed Chair today, May 15, replacing Powell. The historical pattern per Benzinga: every Fed Chair transition since 2014 has triggered a major BTC drawdown — Yellen (−83%), Powell I (−84%), Powell II (−77%), averaging 82%. CoinDesk’s day-ahead this morning was headlined “Crypto’s regulatory tailwind runs into a potential rates reset.” Warsh inherits 3.50% rates with just one cut projected for the rest of 2026.

3.
Thorchain halted all trading and signing Friday after an attacker drained approximately $10.8M across Bitcoin, Ethereum, BSC, and Base per CoinDesk. RUNE dropped 12%. The exploit followed Wednesday’s Kraken-LayerZero migration after the Kelp incident — the second cross-chain bridge failure in 72 hours. Combined with Treasury yields at highest since mid-2025 and Bank of America pushing first Fed cut to H2 2027, sentiment flipped overnight.

BTC 13:57 UTC

$78,710

−2.37% 4h

From AM print

−$2,057

−2.55%

Stoch RSI

38.70

falling fast

Thorchain hack

$10.8M

RUNE −12%

Bitcoin Tumbles to $78,710 as Warsh Takes Fed Chair and Thorchain Hack Hits Sentiment

03 What Changed Since the Morning Brief

The Three Negatives

First, Warsh took the Fed Chair today, replacing Powell. Warsh disclosed over $100M in personal crypto holdings including Solana, dYdX, and a Bitcoin Lightning stake per Blockchainreporter — the first incoming Fed Chair to have held crypto. But his Senate comments indicated no commitment on rate cuts. Second, the Thorchain $10.8M cross-chain exploit per CoinDesk halted signing and trading; RUNE −12%. Third, Treasury yields hit highest since mid-2025 — Bank of America pushed first Fed cut to H2 2027, outside what the Clarity Act had priced.

What Was Right in the AM Call

The morning report flagged the 200-DMA at $80,671 as “the active pivot” and called the scenario range $74,991 — $83,071. Current price at $78,710 sits in the lower half. The regulatory-clarity bid has fully unwound into the Fed-transition rates reset, exactly the macro overlay that CoinDesk flagged at the open.

04 Technical Update

BTC/USD 4-hour, Bitstamp. TradingView · May 15, 2026, 13:57 UTC

The 4h chart shows a clean breakdown of the prior week’s $80,300–$80,400 consolidation. MACD histogram −38, line −88 vs signal −126 — bearish crossover deepening. Stoch RSI fast 38.70, slow 46.54 — fast crossed below slow, approaching oversold. The 200-DMA has now rejected price for the fifth time this month per Blockchainreporter — every $82,000 test failed. Cloud breaking down: $78,544 / $77,834 next supports.

Resistance: $80,291 (cloud floor reclaim) → $80,373 → $80,444 → $80,671 (200-DMA, 5x rejected)

Support: $78,656 (4h low) → $78,544 → $77,834 → $74,991 (cloud floor invalidation per AM brief)

Invalidation: Daily close below $74,991 ends the post-April recovery — unchanged from the morning brief.

05 Forward Look

Today · Fed transition

Warsh first public comments as Chair. Any reaction-function signal moves yields and BTC. Historical pattern: Fed transitions trigger BTC drawdowns averaging 82%.

Through weekend · Thorchain

Resolution of the $10.8M exploit. RUNE trajectory and DeFi sentiment hinge on whether funds are recovered or the protocol resumes cleanly.

Treasury yields

Yields at highest since mid-2025. Rising yields cap BTC; cool data turns yields lower and gives Warsh dovish cover.

Clarity Act floor

Bill heads to Senate floor for final vote. Rapid passage reactivates the bullish narrative; delays leave the rates reset as the dominant tape.

06 Questions & Answers

Why is Bitcoin crashing this afternoon?

Three converging negatives: Warsh took the Fed Chair today with no commitment to rate cuts, the Thorchain $10.8M cross-chain exploit halted the protocol and dropped RUNE 12%, and Treasury yields hit their highest since mid-2025. The Clarity Act bid that lifted BTC to $82,000 Thursday has unwound completely.

What did Kevin Warsh do today?

Warsh took office as Fed Chair on May 15, 2026, replacing Powell. He inherits a 3.50% rate with just one cut projected for 2026 per Benzinga. He disclosed over $100M in crypto holdings including Solana and dYdX, but his Senate testimony declined to commit to rate cuts.

What happened with Thorchain?

Thorchain paused all trading and signing Friday after an attacker drained roughly $10.8M across Bitcoin, Ethereum, BSC, and Base per CoinDesk. RUNE dropped 12%. This is the second cross-chain bridge issue in 72 hours after Wednesday’s Kraken-LayerZero migration.

Verdict

The morning scenario range is intact but price has moved decisively to the lower half. The Clarity Act narrative is unchanged but no longer the dominant tape; the Warsh transition, Thorchain exploit, and Treasury-yield reset combined to flip sentiment in a single session. The 200-DMA has rejected five times this month — until a daily close reclaims it, the path of least resistance is toward $77,834 and the $74,991 structural invalidation.

Related: This morning’s brief · Wednesday’s $79,788 print · Brazil Q1 dispersion.

Watch for: a daily close back above $80,671 (200-DMA) to revive the Clarity Act bid, or a 4h close below $77,834 to open the $74,991 cloud floor test.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are highly volatile and carry significant risk of loss. Always consult a licensed financial advisor. Published by The Rio Times.

 

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