In the fast-paced world of cryptocurrency, every twist and turn can send shockwaves through the market. On October 16, Cointelegraph set the crypto community ablaze with a brief report that the U.S. Securities and Exchange Commission (SEC) had given its blessing to a Bitcoin exchange-traded fund (ETF). This news triggered a Bitcoin frenzy, pushing the digital currency's price past the $30,000 mark. However, this meteoric rise was short-lived, as the post mysteriously vanished, and both the SEC and BlackRock, the world's largest asset manager, denied any such developments, leaving investors in suspense. What followed was a wild ride for Bitcoin, ultimately concluding the day above $28,000, despite kicking off the week at $27,150.
SEC's Bitcoin ETF Nod Sends Cryptocurrency Soaring
SEC's Bitcoin ETF Nod Sends Cryptocurrency…
SEC's Bitcoin ETF Nod Sends Cryptocurrency Soaring
In the fast-paced world of cryptocurrency, every twist and turn can send shockwaves through the market. On October 16, Cointelegraph set the crypto community ablaze with a brief report that the U.S. Securities and Exchange Commission (SEC) had given its blessing to a Bitcoin exchange-traded fund (ETF). This news triggered a Bitcoin frenzy, pushing the digital currency's price past the $30,000 mark. However, this meteoric rise was short-lived, as the post mysteriously vanished, and both the SEC and BlackRock, the world's largest asset manager, denied any such developments, leaving investors in suspense. What followed was a wild ride for Bitcoin, ultimately concluding the day above $28,000, despite kicking off the week at $27,150.