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Bitcoin Prices Surge to $48,000 on False ETF Approval Tweet, Then Plunge After Hack Revealed

Posted on 01/10/2024

Bitcoin Prices Surge to $48,000 on False ETF Approval Tweet, Then Plunge After Hack Revealed

Crypto enthusiasts witnessed a rollercoaster ride on Tuesday, with Bitcoin prices surging to a near two-year high of $48,000 before plummeting back towards $45,000. The drama unfolded after a fake post on the US Securities and Exchange Commission's (SEC) X account falsely announced approval of Bitcoin ETFs.

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