Bitcoin slid after the hacking of the social media account of the Securities and Exchange Commission
Bitcoin fell on Tuesday evening after a false post on social media from the US Securities and Exchange Commission's X (formerly Twitter) account stating that the agency approved the trading of bitcoin ETFs on the exchange.
The SEC later deleted the post and said that her account on X had been hacked and had not approved ETFs yet. It took about 10 minutes for the SEC to clarify things, but it was clear that there was a purchase of the rumor, a sale of the news on the initial headlines after this false publication.
It seems that there is a good chance to achieve this also with the official decision that is expected to be issued during the day Wednesday, especially if we get another rapid rise again.
On the other hand, the X platform said late on Tuesday that it had conducted a preliminary investigation into the hacked account of the US Securities and Exchange Commission, which displayed a false publication, and based on our investigations, this was not due to any breach of X systems, but because of the control of an unknown person over a phone number associated with secgov account
