Bitcoin slides after SEC social media account is compromised, sends false ETF approval post
Publishing timestamp: 2024-01-09 18:32:02
Summary
The price of bitcoin initially rose after a false social media post from the SEC's compromised account claimed approval of bitcoin ETFs, but later fell after the post was deleted and the SEC clarified that it had not approved ETFs. Investors are awaiting an update from the SEC and some believe that approval is inevitable. Bitcoin has seen significant gains in the past three months due to ETF hype.
Sentiment: MIXED
Tickers: BTC.CM=,
Keywords: cryptocurrency, breaking news: markets, bitcoin/usd coin metrics, investment strategy, business news, technology, markets, breaking news: investing, bitcoin,