Crypto Price Prediction: The crypto market has been quite volatile since Tuesday as uncertainty among market participants grew due to the Fake news of US Sec Approval on Spot Bitcoin ETFs.
On January 9th, The @SECgov account, which was recently compromised, issued a tweet stating, “Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection.”
While the post was deleted about 30 minutes after it appeared, it triggered a temporary surge of BTC to $48000 and a sharp fall to $45000. As a result, approximately $90 million in Bitcoin (BTC) long and short positions have been liquidated, highlighting the potential risks of manipulation and volatility in the cryptocurrency sector.
The ongoing speculation about whether the recent hack was an inside job continues to stoke market volatility. Nevertheless, despite the
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