Bitcoin on Tuesday, October 17 recorded profits of 3.42 percent, making for the highest single-day spike it has recorded in the last two weeks. With this, the price of BTC has reached $28,175 (roughly Rs. 23.4 lakh). In the last 24 hours, the value of BTC rose by $971 (roughly Rs. 80,817). This happened after crypto news publication CoinTelegraph falsely claimed that a spot BTC ETF was approved. Asset management firm BlackRock along with other entities of the crypto community soon debunked this information, leading CoinTelegraph to issue an official apology.
Ether reflected a gain of 1.56 percent in the last 24 hours. ETH is currently trading at $1,588 (roughly Rs. 1.32 lakh). This marks a price hike of $26 (roughly Rs. 2,164) for ETH in the last 24 hours.
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Crypto Price Today: Bitcoin Price Surges After Spread of False ETF Approval News, Most Altcoins See Gains
In the last 24 hours, the value of BTC rose by $971 (roughly Rs. 80,817).
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Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 17 October 2023 12:06 IST
HIGHLIGHTS
Binance Coin, Ripple recorded gains
Dogecoin saw gains, Shiba Inu saw losses
Uniswap, Binance USD recorded dips
Crypto Price Today: Bitcoin Price Surges After Spread of False ETF Approval News, Most Altcoins See Gains
The crypto market cap stands at $1.09 trillion as of October 17
Photo Credit: Pixabay/ WorldSpectrum
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Bitcoin on Tuesday, October 17 recorded profits of 3.42 percent, making for the highest single-day spike it has recorded in the last two weeks. With this, the price of BTC has reached $28,175 (roughly Rs. 23.4 lakh). In the last 24 hours, the value of BTC rose by $971 (roughly Rs. 80,817). This happened after crypto news publication CoinTelegraph falsely claimed that a spot BTC ETF was approved. Asset management firm BlackRock along with other entities of the crypto community soon debunked this information, leading CoinTelegraph to issue an official apology.
Ether reflected a gain of 1.56 percent in the last 24 hours. ETH is currently trading at $1,588 (roughly Rs. 1.32 lakh). This marks a price hike of $26 (roughly Rs. 2,164) for ETH in the last 24 hours.
Coin's btc price spiked toward $30,000 (roughly Rs. 25.8 lakh) due to a misleading post on X (formerly Twitter) by the crypto news site Cointelegraph, falsely claiming a spot Bitcoin ETF approval. This led to $100 million (roughly Rs. 832 crore) in liquidations. BlackRock and other sources promptly debunked the claim, and Cointelegraph later issued an apology for spreading inaccurate information. Subsequently, Bitcoin returned to $28,000 (roughly Rs. 24.4 lakh) and currently holds slightly above that level,â the CoinDCX research team told Gadgets360.The overall market rose by 0.85 percent in the last 24 hours to now stand on the valuation of $1.09 trillion (roughly Rs. 90,69,617 crore) showed CoinMarketCap.
âBlackRock's iShares ETF filing initiated a wave of similar submissions by other asset managers like WisdomTree, Invesco, and Fidelity, promising potential investment inflow. While some analysts anticipate a spot Bitcoin ETF by year-end, the SEC has made no official statements. Zcash (ZEC) and UMA (UMA) have been the top gainers on WazirX in the last 24 hours,â Rajagopal Menon, Vice President, WazirX told Gadgets360.
