The Bitcoin rate immediately soared to $30 thousand amid rumors about the approval of the iShares spot ETF from BlackRock and fell to $28 thousand after the news was denied. At 19:00 Moscow time, the first cryptocurrency is trading around $28 thousand, according to CoinGecko, writes RBC Crypto.
At 16:25 Moscow time, the price of Bitcoin was at $27.9 thousand. However, against the backdrop of a message from Cointelegraph on the social network X that the US Securities and Exchange Commission (SEC) approved the iShares spot Bitcoin ETF, the price of the asset soared to 30 thousand USDT on the Binance crypto exchange. On other sites, the asset also reached levels of about $29.9 thousand.
A few minutes later the analyst Bloomberg James Seyffarth denied this information, after which the Bitcoin rate also sharply dropped to about $28 thousand. Later, BlackRock confirmed to FOX Business journalist Eleanor Terrett that the rumor turned out to be false and iShares’ application for a Bitcoin ETF is still under consideration. Cointelegraph’s post was then deleted.
Against the background of the rise and fall of the price of Bitcoin, as well as other cryptocurrencies that followed the leading asset, there was a forced liquidation of margin positions. Within one hour, traders on crypto exchanges lost $103 million, according to data Coinglass. Of these, $64 million came from BTC, $17.9 million from Ethereum.
Source: Cryptocurrency
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