Overview

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Bitcoin's market capitalization nosedived by nearly $50 million, and its price volatility on Tuesday afternoon triggered nearly $90 million in liquidations following a fake spot El 9 de enero, la cuenta oficial de X de la SEC tuiteó que había aprobado que los ETF de bitcoin al contado cotizaran en todas las bolsas de valores nacionales registradas. Esto resultó ser The Securities and Exchange Commission’s official social media account on X (formerly Twitter) posted a notice on Tuesday evening falsely claiming it had approved Dramatically, Bitcoin lost $50 million in market cap following the inaccurate SEC Spot ETF claims. According to CryptoSlate, the digital asset took a nosedive from $938 Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission’s official X account claimed the regulator had El tuit hackeado de la SEC anunciando falsas aprobaciones de un fondo cotizado (ETF) de Bitcoin (CRYPTO: BTC) hizo que el mercado se disparara el martes, solo Bitcoin's market capitalization experienced a significant drop of around $50 billion in the last 24 hours. This drastic change was triggered by a fake approval post of spot

Bitcoin BTC Market Cap Loses $50B Amid False SEC ETF Claim: What Happened?

The cryptocurrency market experienced a turbulent day as Bitcoin's market capitalization experienced a significant drop of around $50 billion in the last 24 hours. This drastic change was triggered by a fake approval post of spot Bitcoin exchange-traded funds (ETFs), sending shockwaves across the industry.

The False Alarm: SEC's X Account Hacked?

The Securities and Exchange Commission’s official social media account on X (formerly Twitter) posted a notice on Tuesday evening falsely claiming it had approved the listing of spot Bitcoin ETFs on all registered national securities exchanges. El tuit hackeado de la SEC anunciando falsas aprobaciones de un fondo cotizado (ETF) de Bitcoin (CRYPTO: BTC) hizo que el mercado se disparara el martes, solo for the announcement to be quickly retracted.

Bitcoin's Price Plunge and Market Cap Nosedive

Dramatically, Bitcoin lost $50 million in market cap following the inaccurate SEC Spot ETF claims. According to CryptoSlate, the digital asset took a nosedive from $938. Bitcoin's market capitalization nosedived by nearly $50 million, and its price volatility on Tuesday afternoon triggered nearly $90 million in liquidations following a fake spot El 9 de enero, la cuenta oficial de X de la SEC tuiteó que había aprobado que los ETF de bitcoin al contado cotizaran en todas las bolsas de valores nacionales registradas. Esto resultó ser a costly mistake for many traders. Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission’s official X account claimed the regulator had approved the ETFs.

Impact and Aftermath

The false announcement highlights the potential for misinformation to significantly impact the volatile cryptocurrency market. While the SEC quickly clarified the situation and confirmed its account was compromised, the damage was already done. Investors are now scrutinizing the SEC's security measures and calling for greater vigilance to prevent similar incidents in the future.

This event underscores the importance of verifying information from official sources before making investment decisions in the cryptocurrency space. The market remains sensitive to news surrounding potential ETF approvals, and any further developments should be closely monitored.

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