Inflation Surge, Kevin Warsh Confirmed, and Crypto Markets Eye Key Resistance

Welcome to Stock Market Today — your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets. Let's get into it. Inflation pressures are intensifying. The Producer Price Index jumped one point four percent in April, the biggest monthly advance in over four years, with wholesale prices up six percent year-over-year. This follows the Consumer Price Index hitting three point eight percent, a three-year high driven by energy costs from the Iran conflict. The two-year Treasury yield reclaimed four percent as markets now price thirty-five percent probability of Federal Reserve tightening in twenty twenty-six. Kevin Warsh just won Senate confirmation as Fed Governor in a fifty-one to forty-five vote, with his chair confirmation expected today. His term begins Friday when Jerome Powell's ends. Warsh brings crypto exposure through venture investments in Bitcoin infrastructure and DeFi protocols. Bitcoin is testing critical resistance around eighty-two thousand dollars—the two hundred day moving average zone. BTC trades at eighty thousand one hundred sixty-nine dollars, holding above key support but struggling to reclaim long-term uptrend. Network economist Timothy Peterson flags seventy-seven percent historical odds Bitcoin reaches new all-time highs within a year based on recovery patterns from fifty percent drawdowns. Institutional crypto adoption is accelerating. Charles Schwab began rolling out spot Bitcoin and Ethereum trading to retail customers—bringing twelve trillion in client assets into the crypto market. XRP ETFs recorded their largest single-day inflows since January at twenty-five point eight million dollars. Tokenized Treasuries surged past fifteen billion as capital rotates into yield-bearing assets. JPMorgan filed to launch a tokenized money market fund on Ethereum called JLTXX, targeting stablecoin issuers seeking compliant Treasury reserves. The Senate Banking Committee markup of the Digital Asset Market Clarity Act is set for Thursday. The bill would shift crypto oversight from SEC to CFTC. Trump heads to Beijing Thursday for talks with President Xi Jinping on tariffs and Taiwan. That wraps your market intel — trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot dot i o.