Tuesday’s scam tweet from the SEC X account stating that all Spot Bitcoin ETFs had been approved, threw the market into a panic. Price wicked to $48,000 before selling quickly. What next for the $BTC price in this incredible crypto journey?
All was relatively calm on the crypto market. What was perceived by many to be the eve of the day when at least one Spot Bitcoin ETF would be approved, was seeing some volatility, but nothing out of the ordinary for the potential eve of such a momentous day.
A pump then dump
Source: Trading View
A 2% wick to the downside just after midnight GMT, and then a longer downside wick at midday of around 3.7% were both bought back up sharply, and the price generally followed the line of resistance at $47,000.
Peace was shattered suddenly at 9pm GMT when a tweet was posted on the official SEC X account stating that the regulator had approved the trading and listing of a spot Bitcoin ETF.
The market reacted immediately, and the $BTC price went directly to
We współpracy z: https://cryptodaily.co.uk/2024/01/bitcoin-btc-price-uncertainty-after-sec-x-breach
