@abdulmalek
Market Wrap: Bitcoin Hovers Above $28K After ETF Reports Prove False
Bitcoin is trading just above $28,500, up 5%, after a false report about the Securities and Exchange Commission (SEC) approving the first bitcoin spot ETF pushed up markets early Monday U.S. time.
Earlier Monday, Bitcoin's price surged toward $30,000 due to a post on X (formerly Twitter) by the crypto news site Cointelegraph of a spot bitcoin ETF approval, causing $100 million in liquidations. BlackRock and other sources quickly debunked the claim, and Cointelegraph later apologized for a “tweet that led to the dissemination of inaccurate information.”
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