SEC Accused of Market Manipulation Due to Misleading Post
SEC Accused of Market Manipulation Due to Misleading Post
By AZC News | Jan 10 2024
Bitcoin rapidly surged past the $47,000 mark before retracing to its current level following numerous posts suggesting that some Bitcoin ETF funds would receive approval from the SEC.
The retreat in Bitcoin's price has turned the $47,000 level into a resistance point. However, the price trend could be influenced by open interest and spot trading volume. If open interest and spot trading volume increase, coupled with SEC approval, Bitcoin may break out of its downward trajectory. In such a scenario, the possibility of reaching $50,000 becomes a realistic prospect.
SEC Mispublishes Information
US lawyers and senators are urging Congress to investigate the SEC after their respective X accounts were compromised, spreading false information that immediate trading approval had been granted for Bitcoin ETF funds.
Fox Business' Charles Gasparino reported that securities attorneys informed him that the SEC would need to conduct its own inquiry into market manipulation. Bloomberg ETF analyst James Seyffart speculated that SEC Chairman Gary Gensler would likely express anger towards the personnel responsible for the security breach, if indeed that is what transpired.
Cane Island's Chief Investment Officer, Timothy Peterson, declared that the SEC's security breach constitutes a market manipulation event, precisely what the commission is tasked with preventing to protect investors.
The SEC's misinformation post existed for 20 minutes before being taken down, garnering at least 4.4 million views during that timeframe.
Related: Ex-SEC Chair Foresees Inevitable Approval of Bitcoin ETF
Despite this development, Bloomberg ETF analyst Eric Balchunas stated that the official approval for the Bitcoin ETF for immediate trading is expected around 4-5 pm on January 10, according to US time.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researcSEC Accused of Market Manipulation Due to Misleading Post
By AZC News | Jan 10 2024
The SEC is under scrutiny for market manipulation allegations after their account posted misleading information about US Bitcoin Spot ETFs.SEC Accused of Market Manipulation Due to Misleading Post
Bitcoin rapidly surged past the $47,000 mark before retracing to its current level following numerous posts suggesting that some Bitcoin ETF funds would receive approval from the SEC.
The retreat in Bitcoin's price has turned the $47,000 level into a resistance point. However, the price trend could be influenced by open interest and spot trading volume. If open interest and spot trading volume increase, coupled with SEC approval, Bitcoin may break out of its downward trajectory. In such a scenario, the possibility of reaching $50,000 becomes a realistic prospect.
SEC Mispublishes Information
US lawyers and senators are urging Congress to investigate the SEC after their respective X accounts were compromised, spreading false information that immediate trading approval had been granted for Bitcoin ETF funds.
Fox Business' Charles Gasparino reported that securities attorneys informed him that the SEC would need to conduct its own inquiry into market manipulation. Bloomberg ETF analyst James Seyffart speculated that SEC Chairman Gary Gensler would likely express anger towards the personnel responsible for the security breach, if indeed that is what transpired.
The SEC's misinformation post existed for 20 minutes before being taken down, garnering at least 4.4 million views during that timeframe.
Related: Ex-SEC Chair Foresees Inevitable Approval of Bitcoin ETF
Despite this development, Bloomberg ETF analyst Eric Balchunas stated that the official approval for the Bitcoin ETF for immediate trading is expected around 4-5 pm on January 10, according to US time.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researcSEC Accused of Market Manipulation Due to Misleading Post
By AZC News | Jan 10 2024
The SEC is under scrutiny for market manipulation allegations after their account posted misleading information about US Bitcoin Spot ETFs.SEC Accused of Market Manipulation Due to Misleading Post
Bitcoin rapidly surged past the $47,000 mark before retracing to its current level following numerous posts suggesting that some Bitcoin ETF funds would receive approval from the SEC.
The retreat in Bitcoin's price has turned the $47,000 level into a resistance point. However, the price trend could be influenced by open interest and spot trading volume. If open interest and spot trading volume increase, coupled with SEC approval, Bitcoin may break out of its downward trajectory. In such a scenario, the possibility of reaching $50,000 becomes a realistic prospect.
SEC Mispublishes Information
US lawyers and senators are urging Congress to investigate the SEC after their respective X accounts were compromised, spreading false information that immediate trading approval had been granted for Bitcoin ETF funds.
Fox Business' Charles Gasparino reported that securities attorneys informed him that the SEC would need to conduct its own inquiry into market manipulation. Bloomberg ETF analyst James Seyffart speculated that SEC Chairman Gary Gensler would likely express anger towards the personnel responsible for the security breach, if indeed that is what transpired.
Cane Island's Chief Investment Officer, Timothy Peterson, declared that the SEC's security breach constitutes a market manipulation event, precisely what the commission is tasked with preventing to protect investors.
The SEC's misinformation post existed for 20 minutes before being taken down, garnering at least 4.4 million views during that timeframe.
Related: Ex-SEC Chair Foresees Inevitable Approval of Bitcoin ETF
Despite this development, Bloomberg ETF analyst Eric Balchunas stated that the official approval for the Bitcoin ETF for immediate trading is expected around 4-5 pm on January 10, according to US time.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researcSEC Accused of Market Manipulation Due to Misleading Post
By AZC News | Jan 10 2024
The SEC is under scrutiny for market manipulation allegations after their account posted misleading information about US Bitcoin Spot ETFs.SEC Accused of Market Manipulation Due to Misleading Post
Bitcoin rapidly surged past the $47,000 mark before retracing to its current level following numerous posts suggesting that some Bitcoin ETF funds would receive approval from the SEC.
The retreat in Bitcoin's price has turned the $47,000 level into a resistance point. However, the price trend could be influenced by open interest and spot trading volume. If open interest and spot trading volume increase, coupled with SEC approval, Bitcoin may break out of its downward trajectory. In such a scenario, the possibility of reaching $50,000 becomes a realistic prospect.
SEC Mispublishes Information
US lawyers and senators are urging Congress to investigate the SEC after their respective X accounts were compromised, spreading false information that immediate trading approval had been granted for Bitcoin ETF funds.
Fox Business' Charles Gasparino reported that securities attorneys informed him that the SEC would need to conduct its own inquiry into market manipulation. Bloomberg ETF analyst James Seyffart speculated that SEC Chairman Gary Gensler would likely express anger towards the personnel responsible for the security breach, if indeed that is what transpired.
Cane Island's Chief Investment Officer, Timothy Peterson, declared that the SEC's security breach constitutes a market manipulation event, precisely what the commission is tasked with preventing to protect investors.
The SEC's misinformation post existed for 20 minutes before being taken down, garnering at least 4.4 million views during that timeframe.
Related: Ex-SEC Chair Foresees Inevitable Approval of Bitcoin ETF
Despite this development, Bloomberg ETF analyst Eric Balchunas stated that the official approval for the Bitcoin ETF for immediate trading is expected around 4-5 pm on January 10, according to US time.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researcSEC Accused of Market Manipulation Due to Misleading Post
By AZC News | Jan 10 2024
The SEC is under scrutiny for market manipulation allegations after their account posted misleading information about US Bitcoin Spot ETFs.SEC Accused of Market Manipulation Due to Misleading Post
Bitcoin rapidly surged past the $47,000 mark before retracing to its current level following numerous posts suggesting that some Bitcoin ETF funds would receive approval from the SEC.
The retreat in Bitcoin's price has turned the $47,000 level into a resistance point. However, the price trend could be influenced by open interest and spot trading volume. If open interest and spot trading volume increase, coupled with SEC approval, Bitcoin may break out of its downward trajectory. In such a scenario, the possibility of reaching $50,000 becomes a realistic prospect.
SEC Mispublishes Information
US lawyers and senators are urging Congress to investigate the SEC after their respective X accounts were compromised, spreading false information that immediate trading approval had been granted for Bitcoin ETF funds.
Fox Business' Charles Gasparino reported that securities attorneys informed him that the SEC would need to conduct its own inquiry into market manipulation. Bloomberg ETF analyst James Seyffart speculated that SEC Chairman Gary Gensler would likely express anger towards the personnel responsible for the security breach, if indeed that is what transpired.
Cane Island's Chief Investment Officer, Timothy Peterson, declared that the SEC's security breach constitutes a market manipulation event, precisely what the commission is tasked with preventing to protect investors.
The SEC's misinformation post existed for 20 minutes before being taken down, garnering at least 4.4 million views during that timeframe.
Related: Ex-SEC Chair Foresees Inevitable Approval of Bitcoin ETF
Despite this development, Bloomberg ETF analyst Eric Balchunas stated that the official approval for the Bitcoin ETF for immediate trading is expected around 4-5 pm on January 10, according to US time.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.h when making a decision.h 
