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According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.58T, up by 0.19% over the last 24 hours.Bitcoin (BTC) traded between $76,719 and $78,098 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $76,806, down by 0.39%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include FIDA, ALT, and NEAR, up by 41%, 34%, and 28%, respectively.Warsh Takes the Fed as Hike Odds Hit 52% — Bitcoin Stuck in Range While AI Tokens Surge to RecordsKevin Warsh officially takes over the Federal Reserve today as 30-year Treasury yields cross 5% and rate hike odds reach 52% — the most hawkish market pricing since the current tightening cycle began. Bitcoin remains trapped between $76,000 and $78,000 for a fourth straight day, while speculative capital rotates aggressively into NEAR (+28.5%), FET (+11.4%).Nvidia hit a fresh all-time high above $236 on AI demand from Chinese tech giants, and the SEC delayed two dozen prediction market ETFs pending public review — a week where the macro picture darkened further but altcoin narratives found their own momentum regardless.Bitcoin Trapped in $76,000-$78,000 Range as AI Tokens Altcoin Rotation Into the WeekendKey Takeaways:Bitcoin has traded between $76,100 and $78,000 for four consecutive days — the tightest range in weeks — with no catalyst strong enough to break it in either directionNEAR surged 28.5% and FET gained 11.4% in 24 hours as AI token rotation accelerated alongside Nvidia's all-time high and broader AI equity momentumHYPE hit a record high after a 60% weekly surge driven by short liquidations and institutional demand following the launch of US spot HYPE ETFs this monthPrivacy coins (DASH, ZEC, XMR) reversed sharply after a strong early-week rally — confirming the move was a short-cycle trade, not a sustained rotationBrent crude fell to $102 on Iran deal speculation; Dow Jones hit a record high; Nasdaq 100 and S&P 500 gained 3% and 1.7% from Tuesday lows — equities supportive but Bitcoin unmovedPut options at $71K–$77K dominate Deribit volume; Binance Fear and Greed at 40; Polymarket still gives 65% odds Bitcoin hits $75,000 this monthSummary:Bitcoin in a four-day range while altcoins run is the market telling you something: speculative appetite has not evaporated, but it is flowing into specific narratives rather than lifting the broad market. AI tokens and HYPE are absorbing the rotation capital that would normally chase Bitcoin in a risk-on environment — a sign that investors are seeking idiosyncratic drivers rather than macro-correlated beta exposure. Until Bitcoin breaks decisively above $78,000 or below $76,000, the weekend will likely deliver more of the same: tight BTC range, sector-specific altcoin moves.Fed Rate Hike Probability Reaches 52% Amid Rising Treasury YieldsKey Takeaways:The probability of a Fed rate hike has surged to 52% per ChainCatcher — now more likely than not by market pricingThe 30-year US Treasury yield crossed 5% — markets have effectively pre-priced a rate increase without waiting for an official Fed statementAnalysts flag direct implications for gold and US equities, with the bond market's move representing an autonomous tightening of financial conditionsThe shift arrives as Warsh takes the Fed chair today — inheriting the most hawkishly priced market environment since the current tightening cycle beganSummary:A 52% hike probability crossing the 50% threshold is a psychological and structural milestone — it means the base case for the Fed's next move has officially flipped from hold to hike in market pricing. For Bitcoin, a 30-year yield above 5% tightens financial conditions across every risk asset simultaneously, regardless of what the Fed actually does at its next meeting. Warsh stepping into this environment on day one makes his first public communications as chair the most consequential near-term market event — any signal of comfort with current conditions would be read as dovish relief; any hawkish confirmation accelerates the tightening narrative further.Dogecoin Whales Accumulate 525 Million DOGE in Four Days Nvidia Stock Hits All-Time High Amid AI Demand SurgeKey Takeaways:Nvidia stock reached a new all-time high above $236, pushing market cap toward $5.7 trillion — up more than 25% year-to-date, significantly outperforming major indicesAlibaba, Tencent, ByteDance, and JD.com are reportedly preparing to purchase Nvidia's H200 processors pending regulatory approvals — Chinese AI infrastructure demand is driving renewed investor confidenceThe move directly fueled Friday's AI token rotation in crypto — NEAR and FET's double-digit gains tracked Nvidia's equity momentum as the AI growth narrative reinforced itself across marketsSummary:Nvidia at $5.7 trillion market cap on Chinese AI demand is the clearest confirmation that the AI capital expenditure boom is accelerating rather than plateauing — and that demand is global, not just US-driven, despite export restrictions. For crypto, the Nvidia-AI token correlation visible in Friday's NEAR and FET moves is becoming a reliable pattern: Nvidia strength pulls AI-adjacent tokens higher as cross-market capital chases the same thematic narrative. As long as Nvidia holds its all-time highs, the AI token rotation in crypto has a structural equity anchor supporting it.Kevin Warsh to Lead US Federal Reserve, Known for Cryptocurrency SupportKey Takeaways:Kevin Warsh assumes the Federal Reserve chair role today, May 22, with Trump presiding over the swearing-in ceremonyWarsh previously called Bitcoin "the new gold for anyone under 40" in January 2021 — the most crypto-friendly public stance of any incoming Fed chair in historyFed regulations required Warsh to divest from individual stocks and crypto-related assets prior to taking officeWarsh is widely regarded as more hawkish on inflation than Powell — a reputation now being tested immediately by 52% hike odds and a 30-year yield above 5%Summary:Warsh's arrival is a split signal for crypto: his Bitcoin-as-gold framing suggests a more sympathetic institutional posture toward digital assets than Powell's historically cautious stance, but his hawkish inflation reputation is what markets are trading right now. The divestment requirement means he enters without direct crypto skin in the game — but his stated views position him as the most crypto-philosophically aligned Fed chair the asset class has ever had. Whether that translates into policy nuance or remains a biographical footnote will become clearer at his first FOMC press conference on June 16. SEC Delays Event Contract ETFs Amid Regulatory ReviewKey Takeaways:SEC Chair Paul Atkins announced sponsors have agreed to postpone approximately two dozen event contract ETFs related to prediction markets — all proposals submitted since FebruaryAtkins emphasized the delay is not a rejection; the SEC will seek public feedback before making decisions on the proposalsThe CFTC and NHL signed an MOU for confidential data sharing and integrity monitoring of hockey event contracts — establishing parallel oversight for sports-linked prediction productsSummary:The SEC's decision to pause rather than reject prediction market ETFs keeps the category alive while buying time for a more deliberate regulatory process — consistent with Atkins' broader posture of engagement over confrontation with crypto innovation. The CFTC-NHL data deal signals that sports-linked prediction contracts are being treated as a serious regulatory category requiring integrity infrastructure, not dismissed as gambling adjacents. For the prediction market ETF pipeline, the delay extends the timeline but does not close the door — Kalshi, Polymarket, and the broader binary contract ecosystem remain on a path toward regulated ETF wrappers, just on a longer runway than originally anticipated. Market movers:ETH: $2122.49 (-0.70%)BNB: $658.28 (+0.49%)XRP: $1.3634 (-1.22%)SOL: $87.21 (+0.39%)TRX: $0.3652 (+1.28%)DOGE: $0.10583 (+0.21%)ZEC: $648.23 (-2.39%)WBTC: $77055.87 (-0.81%)U: $1.0008 (+0.01%)XAUT: $4512.91 (-0.42%)