2:00 PM · 16 October 2023

Speculative Bitcoin Surge 📢

Bitcoin momentarily gained almost 10% after unconfirmed reports of the SEC's approval of a Bitcoin spot ETF. However, shortly after these reports were published online, BlackRock debunked these rumors, which brought the main cryptocurrency's value back down to levels of 28,000 USD.

Bitcoin reacted sharply to unconfirmed news about the acceptance of the spot ETF fund from iShares. The cryptocurrency briefly tested the boundary zones of the 30,000 USD barrier. After BlackRock's announcement, stating that these reports were false, the cryptocurrency's rally was largely negated. Source: xStation5

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