Bitcoin's price movement to $30,224.46 an indication of what approval of BTC spot ETF can do

in hive-175254 •  last year 

When unconfirmed news broke out yesterday via CoinTelegraph and CoinGecko that SEC has approved ISHARES Bitcoin spot ETF, BTC price rose from $27,754.01 to $30,224.46 representing 9% pump in less than 3 hours.

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Eventually, when the news was debunked as fake, BTC fell back to $28,052.24 leading to some trader cashing out over $2million in leverage trading and others who initially shorted it (primarily because the next liquidity zone is thought to be at $24k - $25k) being liquidated.

Here are the news that triggered the price action of BTC between 09:00 UTC and 13:00 UTC:

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Although the news was confirmed to be fake but what happened yesterday was a glimpse of what will happen if SEC finally approves BTC spot ETF in the coming months hopefully.

hive-175254 crypto btc spotetf
last year by

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