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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.
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 reluctant to enter, are also affected by the lack of major news flows. cannot enter an uptrend.
However, there is news that the markets have been waiting for for a long time. US Securities and Exchange Commission (SEC) discusses ETF applications from various companies. For those who don’t know, let’s explain right away; When ETF approvals comeFunds worth more than $1 trillion have come to market. BTC and other crypto assets take their share in these huge coins and the upward trend begins. A major scandal has arisen over this in recent minutes.
One of the well-known news sources of the crypto asset community Muntelegraafhas made an important statement on his social media accounts. The news source said that the company called BlackRock, the world’s largest asset manager, has received ETF approval for its mutual fund collection called “iShares”. BTC started to rise very seriously after this news spread. BTC, which was priced around $27,000 before the news, rose with the news. 30 thousand dollars He came out on top.
BTC Price Chart:
The increase, which started in parallel with the news of ETF approval, for a moment of excitement causes. Naturally, this surge led to liquidity for users who opened ‘short’ trades in many crypto assets, especially BTC. In other words, users who opened futures trades lost their money. According to the information obtained, the total amount of liquid transactions is, over $100 million…
Share via Cointelegraph:
LATEST NEWS: SEC APPROVED ISHARES BITCOIN SPOT ETF.
Minutes after Cointelegraph’s statement, a statement came from BlackRock. The giant company said the statement was 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 falling to the level sent the markets back into a downtrend.
Why is Cointelegraph, which has about 2 million followers on X, offering this fake news? nobody knows. Furthermore, if we look at the institution’s social media accounts, we see that the sharing continues. This interesting event is important for crypto markets. regulatory studies It shows how important it is…
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
