Crypto Holds Flat Near $77K as FOMC Minutes and Nvidia Earnings Set the Tone

Bitcoin is trading in a tight range around $77,000 in Wednesday morning U.S. action, with major stock indices posting modest gains after three straight sessions in the red. The market is in a clear wait-and-see mode ahead of two catalysts that could break the calm.

The Fed releases minutes from its April policy meeting at 2:00 pm ET — a session that stood out for four dissents: one from Stephen Miran pushing for a rate cut, and three from board members urging the Fed to strip any easing-bias language from its guidance. That meeting was also the last chaired by Jerome Powell, with Kevin Warsh set to be sworn in as Fed chair on Friday.

Bond markets globally have sold off sharply in the weeks since, as stronger-than-expected economic data combined with resurgent inflation has forced rate traders into a significant reassessment. The minutes will be read for any signal on how divided the…