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Bitcoin slides after false ETF approval post

Bitcoin slid Tuesday after the Securities and Exchange Commission’s social media account — which was compromised — sent a false social media post stating the regulatory agency had approved a long-awaited bitcoin exchange-traded fund. Immediately after the first post, the world’s largest cryptocurrency jumped to as high as $47,901 to its highest level since March 2022, but later traded lower by 3%.

#hacked #SEC #X #false #post #bitcoin #ETF #approval

via https://www.cnbc.com/2024/01/10/stock-markets-a-crypto-bros-false-dream-.html

CNBC Daily Open: A crypto bro’s false dream

A false social media post about the approval of a bitcoin exchange traded fund by the SEC was the last thing eager crypto bros were hoping for.

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