Cryptocurrency has gained momentum across the world in the last few years. Besides, its use has also increased. And if we talk about the most well-known cryptocurrency, then the name of Bitcoin comes at the top. Elon Musk had once heavily promoted Bitcoin and Bitcoin also benefited from Elon’s promotion. Many people also got tremendous benefit from this. However, there has been no significant rise in Bitcoin for some time now. But now suddenly the price of Bitcoin once again increased and on Tuesday its price reached $47,680. In such a situation, it is natural that a question arises in the mind as to what is the reason for this. The reason for this was a social media post.
Which post led to the rise in the price of Bitcoin?
A post was made on Tuesday itself by the social media account of the Securities and Exchange Commission of America. Information was given in this post that they have given green signal to register Bitcoin EFTs on all National Securities Exchanges. It also said that approved Bitcoin ETFs will be subject to ongoing monitoring and compliance measures to ensure the continued protection of investors. Since this post, the price of Bitcoin has increased.
This post can be seen below.
refuted
The US Securities and Exchange Commission also later refuted the post on its social media giving the green signal to Bitcoin ETFs. Actually his account was hacked and the hacker had posted this which was wrong. The US Securities and Exchange Commission has not given the green signal to the listing and trading of Bitcoin ETFs.
The rebuttal post can be seen below.