Here’s what happened in crypto today
Today in crypto, President-elect Trump has nominated Stephen Miran as the chairman of the Council of Economic Advisors, which will guide the administration's economic policy. Miran, a former senior advisor at the Treasury, has a pro-innovation stance toward digital assets, which has been favorably received by the crypto community. In another development, social sentiment around Bitcoin has dropped to its lowest level in 2024, which analysts suggest may signal an impending price recovery above $100,000, despite Bitcoin's recent correction to about $97,150. Market intelligence platform Santiment noted that this negative sentiment typically precedes market turnarounds. Finally, Interpol has issued a Red Notice for Richard Schueler, the founder of Hex, due to allegations including tax evasion and physical assault. Schueler’s situation has garnered attention as he is also on Europe’s most wanted list, highlighting ongoing regulatory scrutiny in the cryptocurrency space.
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