The interim Fed leadership highlights potential governance challenges and 
market uncertainties during transitions, impacting economic stability.
The post Powell gets temporary Fed chair role as Senate-confirmed Warsh 
prepares to take over appeared first on Crypto Briefing.

Powell gets temporary Fed chair role as Senate-confirmed Warsh prepares to take over

Bitcoin’s price performance in the last week saw a slowdown to the asset’s 
relief rally that began in early April. According to data from CoinMarketCap, 
the market price declined by 1.45% in a range-bound week, during which bulls 
failed to overcome a key resistance level at $82,000. Notably, the current 
market status has led to polarized analysis: some analysts view this 
opposition as a pause in a recovering market, while others are more 
pessimistic, predicting another major downswing, perhaps to the actual market 
bottom. Related Reading: Bitcoin Cannot Clear $82K – Analyst Explains How 
Traders Are Using Every Rally to Exit Bitcoin’s Fate In Another Potential 
Correction In an X post on May 15, pseudonymous seasoned analyst Titan of 
Crypto (@washigorira) shares an insight into Bitcoin’s market direction using 
the Bitcoin Power Law model V2.0, i.e., a long-term pricing model that 
suggests BTC&#8217;s price follows a predictable growth trend when plotted on a 
logarithmic scale. As seen below, the leading cryptocurrency has maintained a 
consistent trajectory within the model’s upper and lower boundaries throughout 
its history, with every major market bottom holding above the lower green 
support band. Amid dominant speculation that the recent rally could be a bull 
trap, the Bitcoin Power Law Model suggests that, in the event of a broader 
market crash, BTC’s worst-case price floor currently stands around $42,800. 
In this case, a negative turnout could lead to a 50% decline from current 
market levels. However, Titan of Crypto shares a personal opinion backing 
Bitcoin to maintain its current level and resume its price rally. The analyst 
explains that Bitcoin’s current market structure closely resembles the 
2018–2019 cycle, during which the price successfully defended the first 
support band before staging a significant bullish breakout. If the maiden 
cryptocurrency follows the same trajectory, Bitcoin’s current uptrend could 
surpass the present all-time high to reach a new peak above $200,000, around 
the middle price band of the Bitcoin Power Law Model. However, these 
predictions remain subject to several factors, including global macro policy, 
institutional adoption, and regulation development, all of which are key to 
shaping overall market sentiment. Related Reading: Dogecoin Recovery Push 
Continues, But Bears Still Threaten One Final Drop Bitcoin Price Overview At 
press time, Bitcoin trades at $78,361, down 2.72% over the last day. As 
Bitcoin’s momentum continues to decline in May, the monthly price chart now 
reports a 4.50% gain. To sustain its current uptrend, BTC must break above the 
sturdy $82,000 price barrier, which could pave the way for a move toward the 
next major resistance at $88,000. On the downside, bulls must defend the 
crucial $78,000 support level, as a breakdown below this level could close out 
the present range-bound movement with a downswing. Featured image from Pexels, 
chart from Tradingview

Bitcoin Power Law Forecasts Price Bottom Of $42,800 – Details

A new global financial crisis is not confirmed, but the path toward one is now 
visible enough to map. The sequence starts with debt and oil before it reaches 
credit. Long-end sovereign yields and Brent crude are already close enough to 
stress levels to make the policy squeeze urgent. To close out the week, the 
[…]
The post Markets are moving toward a new global financial crisis. These are 
the tripwires that would confirm it appeared first on CryptoSlate.

Markets are moving toward a new global financial crisis. These are the tripwires that would confirm it

Christopher Harborne entered the Sunday Times Rich List in sixth place, as 
Parliament opened a probe into Farage. The Sunday Times Rich List 2026, 
published on May 15, placed Christopher Harborne sixth among Britain&#8217;s 
wealthiest individuals. His estimated £18.2bn fortune…

Tether Billionaire Christopher Harborne Enters UK’s Richest People List

The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY 
Act reaching 60 Senate votes. Analysts and lawmakers have identified the 
ethics provision as the CLARITY Act&#8217;s most consequential unresolved issue 
heading to the Senate floor.…

CLARITY Act ethics fight risks Senate failure

Failed transactions on the XRP Ledger climbed sharply this week alongside a 
burst of new user activity, as on-chain data pointed to a wave of 
participation that accompanied the token&#8217;s latest price recovery. Wallets 
Running Toward 8 Million Total activated accounts on the XRP Ledger reached 
7,856,080, putting the network within striking distance of a milestone that 
has been building for months. Related Reading: Bitcoin Faces Major Test As 37% 
Recovery Collides With Bear Resistance That figure was pushed higher by a 
surge in new wallet creation — 3,317 fresh wallets were added in a single day, 
the strongest reading since March 19. New wallet activity had been relatively 
quiet for much of May, dipping to around 2,200 on May 10 before climbing back 
up in the days that followed. Active addresses on the network also jumped. 
According to Santiment, 48,453 unique addresses were active within a 24-hour 
window — the highest count since March 30. XRP&#8217;s price had climbed above $1.54 
during that period, a level it had not reached in roughly two months, before 
pulling back below $1.50. 📈 The $XRP price surge above $1.54 for the first 
time in 2 months was enough to help the network erupt to its highest level of 
on-chain activity since March. The XRP Ledger just had its highest 24-hour 
period of: 🏃 Active Addresses (48,453: Highest Since March 30) 👶 Network… 
pic.twitter.com/iInHHdei5P — Santiment Intelligence (@SantimentData) May 15, 
2026 Santiment attributed much of the activity surge to investor response to 
the price move. Data shows that wider participation across a blockchain 
network is generally seen as a positive indicator for medium- and long-term 
valuation, even when the initial trigger is price-driven excitement. Errors 
Spike Alongside Activity Separate data from XRPScan added another layer to the 
picture. The number of active users tracked through source tags and 
destination tags moved above 184,000 on May 15, the second-highest reading 
since early April. At the same time, failed transaction errors rose sharply. 
Attempts returning a &#8220;tecNO_PERMISSION&#8221; result — which occurs when a sender 
lacks authorization for an operation — reached 1,332 on May 19, the highest 
since March 31. Transactions failing due to &#8220;tecINSUFFICIENT_FUNDS,&#8221; meaning 
the sender did not hold enough of the required asset, climbed to 656 on the 
same date, a peak not seen since April 19. Price Recovery Drives The Numbers 
XRP joined a broader market rebound this week, briefly touching $1.54 before 
resistance slowed the move. That short-term rally was enough to pull several 
network metrics to their best levels in weeks. Related Reading: Is Zcash The 
Next Bitcoin? Investors Rush Into The Privacy Coin Narrative According to 
Santiment, the daily active address count and new wallet figures had shown no 
consistent direction for most of the month. The jump recorded this week broke 
from that pattern. Whether the uptick in usage holds beyond the immediate 
price action remains to be seen, but for now, the XRP Ledger posted its most 
active stretch since late March. Featured image from Pexels, chart from 
TradingView

Powell gets temporary Fed chair role as Senate-confirmed Warsh prepares to take over

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