Bitcoin (BTC) has dropped significantly this evening around 10:30 p.m. An announcement by the US Securities and Exchange Commission (SEC) on X (formerly Twitter) turns out to be a fake. The announcement states that the SEC has approved several ETFs and they can be traded on all national exchanges.
However, it turned out that the official account was hacked. SEC boss Gary Gensler reports on X that no ETFs are currently approved. This is probably an attempt by the hacker to manipulate the Bitcoin market.
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Report on ETF approval turns out to be fake news
At about quarter past ten on January 9th, the USA released Securities and Exchange Commission a message on X that Bitcoin spot ETFs have been approved. Following the news, Bitcoin surged, reaching a high of $47,760 within fifteen minutes. However, the message turned out to be fake after SEC Chairman Gary Gensler posted on his X page that the SEC account had been hacked.
The @SECGov The Twitter account was compromised and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot Bitcoin exchange-traded products.
— Gary Gensler (@GaryGensler) January 9, 2024
No Bitcoin spot ETFs are currently accepted. The SEC account is back in the hands of the organization and has also announced that it is fake news. It is not yet known who is behind the hack. After it became known that the ETFs were not yet approved, things went downhill the rate to a low of $45,500. One Bitcoin is currently worth $45,800.
Cointelegraph falls for it, analyst thinks the plan is dangerous
Including the major news platform Cointelegraph fell for the fake news. The article published when the Bitcoin ETF appeared to be accepted is still on the market Home page. However, the article itself can no longer be read.
Bloomberg analyst Eric Balchunas, who has followed the ETF case closely, thinks it's a dangerously effective plan. In his opinion, the tweet was very credible, exactly what he would expect from the government agency.
The only point he pays attention to is the time he would have thought would be more appropriate tomorrow. In his opinion, this is an actually dangerous attempt and not a prank by a crypto “idiot”.
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