Bitcoin’s price surged due to fake SEC ETF approval rumors but dropped after Blackrock denied it.
Experts call for regulatory action to prevent market manipulation in the cryptocurrency space.
In a surprising turn of events, Bitcoin’s price experienced a sudden and substantial surge, on a Monday, reaching a peak of $30,000. Rumors circulating within the crypto community triggered this dramatic increase, with claims that the U.S. Securities and Exchange Commission (SEC) had approved Blackrock’s iShares Bitcoin spot ETF.
However, this momentary euphoria quickly transformed into disappointment as Blackrock swiftly denied such approval. In a matter of minutes, Bitcoin plummeted back to $28,100. This sudden price swing shocked the cryptocurrency market and left many investors bewildered.
Market Manipulation Suspicions Surface
The extraordinary and rapid price fluctuations in Bitcoin’s value led to immediate speculation that market manipulation was at play. Experts and analysts alike

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