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Bitcoin ETF Fake Approval Announcement Leads To BTC Price Pump And Dump

by Index Investing News
January 10, 2024
in Cryptocurrency
Reading Time: 3 mins read
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Crypto News LIVE: A rare miscommunication from the U.S. Securities and Exchange Commission’s (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 would give the greenlight to the Bitcoin ETF filings on the expected date of January 10, 2024.


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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.

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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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Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/





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Tags: announcementApprovalbitcoinBTCDumpETFfakeleadspricePump
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