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rypto users were treated to ephemeral joys on October 16 following fake news that the U.S. securities regulator had approved a Bitcoin Spot ETF. In a now-deleted tweet, media outlet Cointelegraph alleged that the Securities and Exchange Commission (SEC) had approved the Bitcoin spot ETF application for iShares, a report that verifiable sources couldn’t substantiate. Moments after the fake news spread hastily, Bitcoin’s (BTC) price shot to $29,483 before dropping sharply to $27,918.
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