Bitcoin (BTC) Slips Under $46K After Fake Bitcoin ETF Approval Announcement

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Crypto News LIVE Updates: A rare miscommunication from the U.S. Securities and Exchange Commission (SEC) on the much-awaited approval of spot Bitcoin ETF led the crypto market into disarray as the BTC Price saw a typical pump and dump curve around the news. It remains to be seen if the agency will give the green light to the Bitcoin ETF filings on the expected date of January 10, 2024.


12:02:51 PM IST, 10 January 2024

Crypto News LIVE: Bitcoin ETF’s Influence on BTC Price Was Short-Lived

The market volatility spurred by the fake announcement that spot Bitcoin ETFs were approved in the US was short-lived. After dropping to $45,100 on Tuesday, Bitcoin (BTC) price showed signs of recovery in early morning trade on Wednesday, trading just a shade below $46,000.

11:36:36 AM IST, 10 January 2024

Crypto News LIVE: SEC Behind Bitcoin ETF Approval Mix-Up, Says Bloomberg Analyst

The SEC is under fire after its X account was allegedly “compromised” to spread false rumours that spot Bitcoin ETFs had been approved. Bloomberg ETF analyst Eric Balchunas argues that the mix-up was the result of the SEC’s negligence.

11:00:21 AM IST, 10 January 2024

Crypto News LIVE: “Rich Dad Poor Dad” Author Raises Bitcoin Growth Prospects

“Rich Dad Poor Dad” author Robert Kiyosaki is extremely bullish on Bitcoin in the wake of the much-awaited spot Bitcoin ETF approval in the US. So much so that he has upgraded his growth prospects for Bitcoin, indicating that the OG cryptocurrency is set to reach $150,000.

10:41:37 AM IST, 10 January 2024

Crypto News LIVE: Bitcoin Holds Above $46K Despite Turmoil Caused By Fake Bitcoin ETF Approval News

Bitcoin (BTC) price crashed to $45,100 after news that the SEC had approved spot Bitcoin ETFs turned out to be false alarm. However, the OG cryptocurrency has recouped some losses, and last changed hands above $46,000.

10:04:00 AM IST, 10 January 2024

Crypto News LIVE: Gensler’s Response To Fake Bitcoin ETF Approval News ‘Immortalized’ Into Bitcoin Ordinals

SEC Chair Gary Gensler’s comments that the agency’s X account was “compromised” to spread false news that spot Bitcoin ETFs had been approved have now been archived in an Ordinals Inscription by do dedo artist Billy Restey.

09:45:41 AM IST, 10 January 2024

Crypto News LIVE: Former White House Official Calls SEC Chair Gary Gensler A Liar

Former White House communications director Anthony Scaramucci said  SEC Chair Gary Gensler was lying when he said the agency’s X account was “compromised”. Scaramucci believes an SEC staff member prematurely shared the news, which he says, reflects “the amateurish and dishonest nature of the current SEC leadership regime.”

09:22:25 AM IST, 10 January 2024

Crypto News LIVE: Bitcoin ETF Approval Could Collapse BTC Price, Warns Peter Schiff

Amid the chaos fuelled by false news that the SEC has given its blessing to Bitcoin exchange-traded funds, prominent Bitcoin critic and Gold proponent Peter Schiff has warned investors that BTC prices could decline even after the federalista regulator grants approval to spot Bitcoin ETFs.

08:59:24 AM IST, 10 January 2024

Crypto News LIVE: X Confirms SEC Account Was Compromised

The Safety team of X platform confirmed Chair Gary Gensler’s claims that the SEC X account was indeed compromised based a preliminary investigation. The hacking was due to an unidentified individual obtaining control over a phone number associated with the SEC account through a third party.

08:29:35 AM IST, 10 January 2024

Crypto News LIVE: Bitcoin Will Be Approved Twice

In what appears to be a cryptic statement, MicroStrategy chairman Michael Saylor said Bitcoin would be the only thing to be approved twice by the US SEC. This shows confidence around the eventual approval of Bitcoin ETF.

08:27:35 AM IST, 10 January 2024

Crypto News LIVE: Senator Demands Transparency

US Senator Cynthia Lummis said fraudulent announcements can manipulate markets. “We need transparency on what happened,” she demanded.

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