Tuesday’s bogus tweet from the SEC’s official X (formerly Twitter) account caused a rapid pump and then plummet in bitcoin’s price as traders tried to make sense of the apparent approval. By the looks of it, the powerful regulator had just greenlit every prospective BTC ETF application, delivering bitcoin speculators their long-awaited victory a full day ahead of schedule.
Source: https://www.coindesk.com/policy/2024/01/10/crypto-boosters-attack-sec-for-manipulating-btc-market-after-etf-tweet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines