The price of Bitcoin swung wildly Tuesday afternoon after the United States Securities and Exchange Commission (SEC) tweeted that a long-awaited spot Bitcoin ETF had been approved—but then SEC Chair Gary Gensler tweeted that the account had actually been compromised and that no Bitcoin ETFs have actually been given the green light.
Bitcoin bounced from a price of about $46,600 to $47,680 in a matter of minutes Tuesday, marking what appears to be a two-year high for the leading cryptocurrency. However, the price quickly plunged to nearly $45,500, and has since settled just under $46,000.
This story is breaking and will be updated with additional information.
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Source: https://decrypt.co/212195/bitcoin-plunges-after-compromised-sec-twitter-account-tweets-fake-etf-approval
