Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, Santiment says Bitcoin’s dip below $113,000 saw retail traders flip “ultra bearish,” Senator Tim Scott expects Democrats to back Republicans on the CLARITY Act, and former White House Crypto Council director Bo Hines joined Tether as an adviser.

Retail crypto traders have seemingly flipped bearish after Bitcoin (BTC) failed to pick itself up from a recent dip below $113,000, clocking a 17-day low, blockchain analytics firm Santiment said on Wednesday.

“Retail traders have done a complete 180 after Bitcoin failed to rally and dipped below $113,000,” Santiment said, adding that the past 24 hours have marked “the most bearish sentiment seen on social media” since June 22, when fears of war in the Middle East caused a cascade of panic sells.

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