Fake news initiated price jump
This afternoon there was quite some excitement and nervousness on the market since Cointelegraph and others suddenly showed breaking news:
After an half and hour or so it became clear that this was all fake news and the posts got removed quickly. Bitcoin price though had meanwhile pumped about $2.000 upwards within minutes and scratched the 30k briefly. Then it fell like a stone again and is now trading around 28k, the same level than before. This whole operation was probably a planned pump and dump by some criminal minds. 🤷🏼♂️
Keep calm and wait for approval
We still have to wait then for the approval by the SEC, which is said to be very likely to happen in early 2024. In fact the chance is 90% according to a Bloomberg Analyst.
The reaction today on the fake news showed though what pump we can expect if the Bitcoin ETFs really get approved.
Did you get excited by the fake news a few hours ago?
