Pansamantalang Naabot ng Bitcoin ang $30K Dahil sa Maling Balita ng Pag-apruba ng ETF
Bitcoin price nearly attained a level of $30,000 on October 16, 2023, and one must be living under a rock to be oblivious. In a short-lived rally, BTC price saw a pump resulting in adding up to $2,000 in value before dropping back. The cryptocurrency price saw an up-move in the wake of a rumor surfacing fake news of BlackRocks ETF being approved by the SEC. The post from a crypto news outlet on social media platform X (formerly Twitter) noted that BlackRocks iShares Spot Bitcoin ETF got approved by the Securities and Exchange Commission (SEC). Though the false post got deleted from X in about 30 minutes, the impact of the news spread all over the space. People started talking about it and re-sharing the instance from their accounts. However, as the scale of news increased, some started raising doubts even if the report was stating right about the spot Bitcoin (BTC) ETF approval. The internal investigation of the crypto news platform started simultaneously as it spread like wildfire. Until prominent individuals, and some trusted sources, including the news outlet itself, came forward with the actual information and confirmed with the entities like BlackRock and Bloomberg, a momentarily rampant chaos took place. With