It has already dropped to $27,950
The situation with Bitcoin’s rise above $30,000 has finally become clear: there was no approval for a spot Bitcoin ETF in the United States, and the rate quickly fell by $2,000.
Coin Telegraph previously reported that the Securities and Exchange Commission (SEC) had approved iShares’ first spot Bitcoin ETF in the US. As a result, the Bitcoin price soared from $28,000 to $30,000.
Bitcoin soars above $30,000 after fake news appears
Later, the largest asset manager BlackRock confirmed that this was fake news. The SEC has not approved a Bitcoin ETF. The fact is that BlackRock is one of those that is waiting for approval of the application to open its Bitcoin ETF and has contacts with the SEC.
After such a surge and failure, Coin Telegraph deleted the original post on X/Twitter, and some users on social networks and instant messengers began to brag about successful transactions in this Bitcoin run.
At the time of publication of the note, the rate had dropped to $27,950.
