The hacker announced the approval of the spot ETF with a fake decree , and Bitcoin dived more than

Mondo Finance Updated on 2024-02-01

A piece of news that has historical significance for the entire cryptocurrency market has been confirmed to be a "false decree" by hackers.

At the end of the U.S. stock market on Tuesday, January 9, Eastern time, the U.S. Securities and Exchange Commission (SEC) announced on the official account of Social Media **X that it approved all Bitcoin spot ETFs to be listed on the National Exchange of Trade, and also claimed that the approved ETFs will continue to be supervised to ensure that their compliance measures have always protected investors.

SEC Chairman Gary Gensler has since posted through his personal X account that the SEC's official X account had been hacked and an unauthorized post had been made, and that the SEC had not approved the listing and trading of spot ETFs.

Wall Street Insight noted that after Gensler's post, the SEC's official account posted the same clarification and deleted the post that claimed to approve the ETF as shown in the first screenshot of this article.

After the news of the SEC's approval of the spot ETF first broke, the trading price of Bitcoin quickly rally to 4Above $780,000, some platforms rose above 4$790,000, a 21-month intraday high for two consecutive days.

Then the price of the currency dived, quickly falling below 4$60,000, back to 4Below $560,000, the trading price of some platforms is down 4$510,000, down more than $2,700 from the daily high, down more than 5%.

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