A crypto week filled with ETF rumors and BTC’s volatility
The post A crypto week filled with ETF rumors and BTC’s volatility appeared on BitcoinEthereumNews.com. The crypto week that has been is one filled with rumors and the return of Bitcoin Dominance. The SEC denied these allegations of supporting the Bitcoin exchange-traded funds (EFT) project, which was also confirmed by Blackrock. The fake news posted on X was a catalyst that led to the rise in BTC price, showing how the news played a huge role in pumping the asset’s market value. The crypto world is often prone to market spikes, and this is attributed to its volatility that’s caused by news or various financial movements. Recent evidence of this was noted in Bitcoin’s price last week, which was a result of a fake news report on the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) Crypto X posts on the ETF development Bitcoin holders have seen a profitable week following the flood of announcements this week, among them being the mistaken news on SEC approval of Bitcoin ETF. The Exchange-Traded Funds have been anticipated by the crypto community, and news on the possibility of its approval sent shockwaves in the bitcoin community, leading to an increase in its price, recording an intraday spike of 10% on Monday. The misleading publication was reported by Cointelegraph, and the tweet was deleted 30 minutes later. This was enough to spike BTC’s price. However, the platform apologized and deployed the source of the false information. This event attracted a storm of reviews in the crypto community, especially on social platforms, including X. Cointelegraph also owned up to the situation and expressed an apology via X. They explained the source of the information, stating an investigation is underway. Crypto funds imagined the reactions of the US Securities and Exchange Commission’s (SEC’s) Chair Gray Gensler’s reaction to the whole event. Sentiments on the matter flooded…
The post A crypto week filled with ETF rumors and BTC’s volatility appeared on BitcoinEthereumNews.com.
The crypto week that has been is one filled with rumors and the return of Bitcoin Dominance. The SEC denied these allegations of supporting the Bitcoin exchange-traded funds (EFT) project, which was also confirmed by Blackrock. The fake news posted on X was a catalyst that led to the rise in BTC price, showing how the news played a huge role in pumping the asset’s market value. The crypto world is often prone to market spikes, and this is attributed to its volatility that’s caused by news or various financial movements. Recent evidence of this was noted in Bitcoin’s price last week, which was a result of a fake news report on the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) Crypto X posts on the ETF development Bitcoin holders have seen a profitable week following the flood of announcements this week, among them being the mistaken news on SEC approval of Bitcoin ETF. The Exchange-Traded Funds have been anticipated by the crypto community, and news on the possibility of its approval sent shockwaves in the bitcoin community, leading to an increase in its price, recording an intraday spike of 10% on Monday. The misleading publication was reported by Cointelegraph, and the tweet was deleted 30 minutes later. This was enough to spike BTC’s price. However, the platform apologized and deployed the source of the false information. This event attracted a storm of reviews in the crypto community, especially on social platforms, including X. Cointelegraph also owned up to the situation and expressed an apology via X. They explained the source of the information, stating an investigation is underway. Crypto funds imagined the reactions of the US Securities and Exchange Commission’s (SEC’s) Chair Gray Gensler’s reaction to the whole event. Sentiments on the matter flooded…
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