Why is the Bitcoin price volatile today?

Bitcoin price whip saws, wiping out leverage aspire And shorts as THE DRY social account falsely reported that all place BTC AND F had has been approved.

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Bitcoin (BTC) price shot up has on $48,000 After THE SECOND appeared has announce that all place BTC AND F were approved. Before THE regulator even had A chance has address THE wrong Tweeter, Bitcoin price had Already retraced has almost $45,000, A move that would be to have confirmed traders' suspicion that A approval would be be A sell news event.

THE @SECGov Twitter account was compromise, And A unauthorized Tweeter was job. THE SECOND has not approved THE SEO And trade of place bitcoin exchange traded products.

— Gary Gensler (@GaryGensler) January 9, 2024

As walk participants And crypto defenders learned that THE place ETFs approval was Incorrect, a lot complained that THE To hack of THE DRY X account was reminding of A pump and dump diagram.

Bitcoin price USD. Source: TradingView

A few analysts believe THE SECOND can be In breach of walk handling laws After THE To hack, And Senator Bill Hagerty East Already call For answers Since THE SEC.

Just as THE SECOND would be request responsibility Since A public business if they do such A colossal evolution of market error, Congress needs answers on What just arrived. This East unacceptable. https://t.co/tWtLqHtqpu

— Senator Bill Hagerty (@SenatorHagerty)