UPDATE: Bitcoin Price Sharpy Falls; Benzinga Can Not Confirm Authenticity Of SEC Tweet On Bitcoin ETF; No Release On SEC Website
Portfolio Pulse from Benzinga Newsdesk
Bitcoin shares experienced a sharp decline following a tweet allegedly from the SEC regarding a Bitcoin ETF. However, Benzinga has not been able to confirm the authenticity of the tweet, as there is no corresponding release on the SEC's official website.
January 09, 2024 | 9:22 pm
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NEGATIVE IMPACT
Bitcoin's value saw a rapid decrease after rumors of an SEC tweet about a Bitcoin ETF circulated. The tweet's authenticity is unconfirmed, casting uncertainty on the situation.
The unverified news of an SEC tweet regarding a Bitcoin ETF has likely led to a knee-jerk reaction among investors, causing a short-term negative impact on Bitcoin's price. The lack of confirmation from the SEC's official channels adds to the market uncertainty, potentially exacerbating the impact. However, the confidence score is moderated due to the unconfirmed nature of the tweet.
CONFIDENCE 60
IMPORTANCE 75
RELEVANCE 80