Bitcoin price swings wildly after ‘unauthorised’ ETF tweet
Jessica SierNorth Asia correspondent
The price of bitcoin swung wildly on Wednesday morning after the financial regulator in the United States appeared to have approved exchange-traded funds based on the spot price of the cryptocurrency.
But the Securities and Exchange Commission (SEC) shortly after said the announcement, in a post on X (formerly Twitter), was not made by its staff, confusing investors and sending the bitcoin price lower.
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