In a recent turn of events, the cryptocurrency market witnessed a whirlwind of activity following an erroneous announcement regarding the approval of BlackRock’s Bitcoin Exchange Traded Fund (ETF). The misinformation, which quickly spread like wildfire, led to a sharp spike in Bitcoin’s price from $27,900 to $30,000, showcasing the hypersensitivity of the crypto market to regulatory news. The fake news surfaced on various social media platforms and crypto-centric news outlets, which reported the supposed approval of BlackRock’s Bitcoin ETF by the U.S. Securities and Exchange...
11 months ago
Erroneous ETF Approval Announcement Triggers Frenzy in Crypto Markets
22October