Bitcoin steady near $78k; Warsh takes Fed helm; THORChain hacked for $10m.

Bitcoin held near $78,000; Kevin Warsh took the helm at the Fed; hackers drained $10m from THORChain; and other events of the week.

Elevated inflation

Bitcoin clung to key levels despite a bruising macro backdrop.

Monday began on a positive note, with a rise to $82,000. The rally did not last. On Tuesday the coin retested the local high and then corrected.

By Wednesday, May 13, the leading cryptocurrency had dropped to $78,000. The…