Bitcoin Holds $79K as Kevin Warsh Takes Fed Chair; Bitcoin Hyper Presale Tops $32.6M
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Bitcoin price held above $79,000 after the US Senate confirmed Kevin Warsh as the next Federal Reserve chair, a leadership change markets are reading as potentially supportive for risk assets and digital asset policy.
Against that backdrop, attention has broadened from spot BTC to Bitcoin infrastructure plays. One of the projects drawing fresh interest is Bitcoin Hyper (HYPER), which says its presale has now raised more than $32.6 million as it prepares to launch a Bitcoin Layer 2 built on the Solana Virtual Machine.
The project is pitching itself as a way to address Bitcoin’s long-running speed and cost constraints ahead of its token generation event, while offering staking during the presale.
Earlier this week, the Senate approved Kevin Warsh’s nomination to the Federal Reserve Board of Governors in a 51-45 vote, then confirmed him as Fed chair on Wednesday by a 54-45 margin. The vote clears the way for Warsh to replace Jerome Powell as Powell’s term as chair ends on May 15.
Warsh, a former Fed governor and Morgan Stanley executive, has disclosed holdings tied to DeFi protocols, Ethereum scaling networks, a Bitcoin Lightning startup, and prediction markets. He has said he will divest those positions following confirmation.
For traders, the immediate takeaway was the prospect of a more market-oriented approach to rates and digital asset oversight. Bitcoin’s ability to rebound from the $79,000 area reinforced that view. Analyst Lennaert Snyder, who had been tracking that level closely, said a sustained hold there could open the way to prices above $81,000.
$BTC bounced from key 79K support.
Those who follow me know that this is the long POI I was looking at all week.
According to plan, I longed the retest and that trade is TP'd and SL to break-even. GG if you took it.
For now, Bitcoin is protecting the ~$78,759 PDL. And as long… pic.twitter.com/1ikHGhb391
— Lennaert Snyder (@LennaertSnyder) May 14, 2026
Why Bitcoin Hyper Is Getting Attention Now
As macro conditions shift, some investors are moving beyond simple Bitcoin exposure and into projects built to expand Bitcoin’s utility. Bitcoin Hyper (HYPER) is one of those bets, with a design centered on faster execution and lower fees for Bitcoin-based activity.
The network uses the Solana Virtual Machine in a Layer 2 architecture that batches and compresses transactions before settling back to Bitcoin’s base layer. The aim is to provide near-instant transactions while preserving Bitcoin-linked security assumptions.
According to the project, zero-knowledge proofs are used to validate transactions, while a canonical bridge and Bitcoin relay smart contracts allow trustless BTC minting and burning without relying on third-party custodians.
Night out with Hyper.
Fast execution, clean arrival. ⚡️🔥 pic.twitter.com/00QfWE2bdf
— Bitcoin Hyper (@BTC_Hyper2) May 12, 2026
That framework is intended to make Bitcoin more workable for payments, meme coins, decentralized exchanges, and broader DeFi use cases. The HYPER token is positioned as the network’s utility asset for staking, governance, and ecosystem incentives. The stated total supply is 21 billion, with allocations earmarked for development, marketing, listings, and community growth.
Everything You Need to Know About Bitcoin Hyper Presale Terms, Price, and Access
Bitcoin Hyper says the HYPER presale has raised more than $32.6 million so far. The current token price is $0.01368, compared with an initial presale price of $0.0115, a gain of about 19%.
Staking is already live during the sale, with the project advertising a 36% APY. It also said a confirmed on-chain buy worth $13,680 was recorded recently, underscoring continued large-buyer interest.
Prospective buyers can use the official Bitcoin Hyper presale website by connecting a wallet and purchasing directly. The token is also available through the Best Wallet app, which can be downloaded from the Apple App Store and Google Play.
Supported payment methods include ETH, USDT, USDC, BNB, SOL, and bank cards. The project says the presale remains open ahead of HYPER’s move to open markets.
For updates, follow Bitcoin Hyper on X and join the project’s Telegram group.
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