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Misinformation strikes again in crypto as false reports of an approved Bitcoin ETF by BlackRock led to over $65 million in liquidations on exchanges within minutes. The The volatile crypto market’s susceptibility to rumors and false information was on full display recently when a counterfeit report concerning BlackRock’s A false report by crypto news outlet Cointegraph indicating that BlackRock’s iShares spot bitcoin exchange-traded fund (ETF) was approved led to a spike in bitcoin’s price Bitcoin (BTC) surged from $27,900 to $30,000 after a false report of a spot ETF approval was posted on social app X, formerly Twitter, leading to nearly $100 million in A false rumor about a bitcoin ETF approval in the US briefly sent the price of bitcoin soaring. The rumor, circulated via the X account of crypto media outlet Cointelegraph Fake reports about Black Rock's Spot bitcoin ETF being approved caused a frenzy, resulting in $65 million worth of BTC being liquidated within minutes 😱. This incident Misinformation strikes again in crypto as false reports of an approved Bitcoin ETF by BlackRock led to over. World One News Page: Monday The fake post initially boosted Bitcoin’s price to a two-month high of US$29,388, with US$52.63 million worth of short positions liquidated in the hour leading up to In a dramatic twist for cryptocurrency traders, false reports circulated today that BlackRock ETF had received approval, leading to a swift liquidation of Bitcoin positions

Fake BlackRock Bitcoin ETF Report Triggers $65M BTC Liquidation

Misinformation strikes again in crypto! A false rumor about a bitcoin ETF approval in the US briefly sent the price of bitcoin soaring. The volatile crypto market’s susceptibility to rumors and false information was on full display recently when a counterfeit report concerning BlackRock’s iShares spot bitcoin exchange-traded fund (ETF) was approved. The rumor, circulated via the X account of crypto media outlet Cointelegraph, caused a frenzy, resulting in $65 million worth of BTC being liquidated within minutes 😱.

A false report by crypto news outlet Cointegraph indicating that BlackRock’s iShares spot bitcoin exchange-traded fund (ETF) was approved led to a spike in bitcoin’s price. Bitcoin (BTC) surged from $27,900 to $30,000 after a false report of a spot ETF approval was posted on social app X, formerly Twitter, leading to nearly $100 million in liquidations.

The fake post initially boosted Bitcoin’s price to a two-month high of US$29,388, with US$52.63 million worth of short positions liquidated in the hour leading up to the correction. This incident underscores how quickly misinformation can impact the market. In a dramatic twist for cryptocurrency traders, false reports circulated today that BlackRock ETF had received approval, leading to a swift liquidation of Bitcoin positions. Misinformation strikes again in crypto as false reports of an approved Bitcoin ETF by BlackRock led to over $65 million in liquidations on exchanges within minutes.

Stay vigilant and verify all information before making trading decisions. World One News Page: Monday's events serve as a stark reminder of the power of information, both real and fake, in the crypto space.

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