The US Securities and Exchange Commission s (SEC) decision on a Bitcoin ETF was overshadowed by a cybersecurity incident, as the SEC s Twitter account was compromised and a fake post claiming approval for the ETF caused a brief surge in Bitcoin s price.
In Wednesday s trade, the global cryptocurrency market cap fell 0.9% to around $1.71 trillion in the last 24 hours.The total volume in DeFi is currently $7 billion, 8.31% of the total crypto market 24-hour volume.
At 4:11 pm Tuesday, the official X account of the SEC announced that regulators had approved a new investment product tracking the price of Bitcoin, an apparent victory for the embattled crypto industry.
or curious about getting into it, then spot bitcoin etf has been on your radar. it allows people to bet on gains and losses, even if they do not own bitcoin themselves. us regulators are widely expected to approve the new exchanged traded funds this week. when a tweet was posted from the sec account, saying essentially that, it was noteworthy. it was also wrong. the sec and its chair quickly posted on x that the sec account was compromised and the regulator had not approved the listing and trading of spot bitcoin exchange traded products. the erroneous tweet also included a quote from the chair. a second tweet that also said $ btc. it was then almost immediately deleted. for bitcoin cosmic value, a bit of a ride. the value claim nearly $48,000 on the false news and go back down to 16,000 with reality.
of a false alarm yesterday. what happened? that s exactly it. so the crypto community had been widely expecting this decision out of the sec. they were due to make a decision whether to endorse a bitcoin etf. today is the deadline. for a brief moment yesterday it seemed like they had actually passed it. turns out it was a false alarm as you mentioned. their social media accounts had actually been compromised. they put up a tweet suggesting the same, saying their platform had actually been compromised and no decision had been made yet, so we still have the rest of today to get through. on the news bitcoin briefly spiked. now it s trading about 2% weaker, but of course in the run up to this event we re up 150% in 2023 and almost 8% on the year. people are really excited about it. super excited but still waiting for that ruling. cnbc s joumanna bercetche live from london, thank you. still ahead, donald trump brings back his birther conspiracy for 2024. this time, though, it involves