Bitcoin is trading slightly higher but coming down from highs following circulation of false rumors of iShares Bitcoin Spot ETF approval.
Portfolio Pulse from Benzinga Newsdesk
Bitcoin's price has slightly increased but is coming down from its highs due to false rumors about the approval of the iShares Bitcoin Spot ETF.
October 16, 2023 | 2:02 pm
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NEGATIVE IMPACT
Bitcoin's price has been affected by false rumors about the approval of the iShares Bitcoin Spot ETF.
The false rumors about the approval of the iShares Bitcoin Spot ETF have created uncertainty in the market, leading to fluctuations in Bitcoin's price. As the rumors are false, the price is expected to stabilize once the market absorbs this information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100