Market manipulation with just one fake news TWEET

Bitcoin surged to $30K quickly after gold tick account Coingraph-News tweeted that: “SEC APPROVES ISHARES BITCOIN SPOT ETF” . In reality, it is fake news, after BlackRock confirmed that the news was false, their application is still under review.

Coingraph-News then commented under the "fake news" post saying that the Bitcoin Spot ETF application was still in "pending" status and stated that the tweet was misinformation, then they deleted the "fake news" tweet.

A few minutes later the price of $BTC fell again drastically to touch $27730.

According to a Watch-Guru report, "$65 million in $BTC was liquidated within minutes of false reports that BlackRock's Spot#BitcoinETF had been approved."