The “Bitcoin ETF has been approved” news, served by Cointelegraph, caused a serious rise in the markets. However, realizing that the news was not true turned the tide again…
Cryptocurrency markets have been around for a long time in the accumulation process. In other words, both Bitcoin (BTC) and other crypto assets are generally where they are. Crypto asset markets, which new investors are hesitant to enter, are also affected by the lack of important news flows. cannot enter an upward trend.
However, there is news that the markets have been waiting for a long time. US Securities and Exchange Commission (SEC) is discussing ETF applications from various companies. For those who don’t know, let’s explain it immediately; When ETF approvals comeFunds exceeding 1 trillion dollars have entered the market. BTC and other crypto assets are taking their share of these huge coins and the uptrend is starting. There was a big scandal about this in the past few minutes.
It has been claimed that the Bitcoin ETF of the world’s largest asset manager has been approved!
One of the well-known news sources of the crypto asset community Cointelegraphmade an important statement on his social media accounts. The news source said that the company called BlackRock, the world’s largest asset manager, received ETF approval for its mutual fund collection called “iShares”. BTC started to rise very seriously after this news spread. BTC, which was priced in the 27 thousand dollar range before the news, increased with the news. 30 thousand dollars He got on top of it.
BTC price chart:
The rise, which started in parallel with the news of ETF approval, for a moment of excitement caused. Of course, this rise led to liquidity for users who opened “short” transactions in many crypto assets, especially BTC. In other words, users who opened futures transactions lost their money. According to the information obtained, the total amount of liquid transactions, over $100 million…
Sharing by Cointelegraph:
BREAKING NEWS: SEC APPROVED ISHARES BITCOIN SPOT ETF.
Everything turned upside down when it was realized that the news was a lie!
Minutes after Cointelegraph’s statement, a statement came from BlackRock. The giant company said that the statement in question does not reflect reality explained. So the SEC did not approve the iShares Bitcoin ETF. After this statement, things took a complete turn. 27 thousand 900 dollars BTC, which dropped to the level, caused the markets to enter a downward trend again.
Why Cointelegraph, which has around 2 million followers on X, is serving this fake news? nobody knows. Moreover, when we look at the social media accounts of the institution, we see that the sharing continues. This interesting event is important for crypto markets. regulation studies It shows how important it is…