$BTC Bitcoin's price skyrocketed and tumbled ๐๐ following fake news about SEC approving an ETF. The post surfaced on SEC's official account, but the department head revealed it was hacked and discredited the news.
The value of Bitcoin (BTC) surged sharply, only to rapidly plummet after a false announcement regarding the approval of applications for launching spot Bitcoin exchange-traded funds (ETFs) in the United States.
At 0:11 Moscow time, a post on the official account of the U.S. Securities and Exchange Commission (SEC) on the social network X (formerly Twitter) claimed that the agency "has approved Bitcoin ETF shares for listing on all registered national exchanges." ๐
A few minutes later, SEC head Gary Gensler disclosed that the agency's account had been compromised, and the regulator had not actually granted approval for the ETF launch. After his statement, Bitcoin's price crashed by more than 6%. ๐
