Bitcoin Stabilizes Above $45,500 Amidst SEC’s Twitter Hack Chaos

Bitcoin Stabilizes Above $45,500 Amidst SEC’s Twitter Hack Chaos

The twitter account of the U.S SEC was compromised by hackers, claiming all ETFs approval.
The result was a liquidation of more than $140 million within a few hours.
The crypto community is eagerly waiting for the SEC to announce its verdict on the spot Bitcoin ETF. Today, January 10, is the last day for the SEC to decide whether to accept or reject the ARK 21Shares Bitcoin ETF (ARKB). According to industry experts, the 11 spot Bitcoin ETFs’ prospectuses will likely be approved simultaneously.
The twitter account of the U.S SEC was compromised by hackers, who then made false postings claiming that all Bitcoin ETFs had been approved. Spot bitcoin exchange-traded products have not been authorized for listing or trading, as quickly announced by SEC Chair Gary Gensler. The result was a liquidation of more than $140 million within a few hours.
The precipitous decline in the value of the cryptocurrency was predictable. With millions of dollars in liquidations, Bitcoin’s price climbed fro

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