3 % Drop on Bitcoin Price after a Fake Tweet
Jan, 2024

3 % Drop on Bitcoin Price after a Fake Tweet

Hackers hit for one more time and in this case, targeting was really precise and with an expected result.


While we waiting the approval or not for the first Bitcoin Spot ETF, the US SEC has drawn the attention from the entire investing community for this decision.


A fake tweet at X with the story that SEC declined a Bitcoin Spot ETF brought a slight panic in the markets but it was withdrawn and was rejected from official sources.


Indeed, even as fake news, this story caused a 3 % drop in the Bitcoin price, showing that the market has already discounted that the real move is going to be late for now.


It would be interesting to see what will be the market reaction when the real decision will be made and its consequences will become evident directly and indirectly in the crypto ecosystem…..


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