During Tuesday’s trading session, major cryptocurrencies experienced significant fluctuations due to a false social media post by the Securities and Exchange Commission (SEC) regarding the approval of spot Bitcoin exchange-traded funds (ETF). What Happened: Bitcoin reached a new 19-month high of $47,900 after the official SEC account’s tweet about the Bitcoin ETF approval. However, the excitement was short-lived as Bitcoin swiftly dropped almost 6.05% to a low of $45,000. It was later revealed that the SEC’s account had been compromised, and SEC Chair Gary Gensler denied the news. In the past …
