Fake news about fund boosts price
Thanks to a hasty news story, which later turned out to be incorrect, about the approval of a Bitcoin (BTC) ETF, the price of the cryptocurrency has soared by more than 2% in the last 24 hours, which finally caused a breakout above $28,000. which was the biggest barrier that contained the appreciation of BTC. But the rest of the Top 10 opened the day mostly falling, although the losses were very slight.
Shot. Late Monday morning (16), news began circulating on X (formerly Twitter) that the United States Securities and Exchange Commission (SEC) had approved a BTC spot ETF. Approval would have been given to the request from the giant BlackRock, which immediately caused the cryptocurrency to skyrocket in price and approach the US$30,000 region.
the news was later revealed to be false after BlackRock denied the information and said its application was still under review. In fact, what happened was that Bloomberg increased the chances of ETF approval at the beginning of 2024 to 90%, but the market misinterpreted the news, spreading the false rumor that contributed to the rise of BTC.
