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Why #Bitcoin pumped to almost 48k and Dumped ... yesterday ....
Here's a summary of the situation, which took place on Tuesday, January 9th, 2024:
The SEC's official X account (previously Twitter) was acclaimed to be hacked.
The hacked account posted a false tweet at 4:11pm EST claiming the SEC had approved Bitcoin #etf ETFs.
This caused the price of Bitcoin to briefly surge to near $48,000.
SEC Chairman Gary Gensler quickly clarified that the tweet was fake and the account had been compromised.
The SEC confirmed they haven't approved any Bitcoin ETF applications.
Bitcoin's price then dropped back down following this clarification.
The whole situation looks uncertain .... Follow to stay informed ...
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