A fake post from the earlier-compromised X account of the US Securities and Exchange Commission (SEC), saying the regulator had authorised spot Bitcoin exchange-traded funds (ETFs) despatched Bitcoin costs on wild swings on Tuesday.
The OG cryptocurrency Bitcoin instantly jumped 2.5% on the faux information to $47,900 — the very best level within the final 19 months. However, it reversed course later, with BTC worth falling to as little as $45,100, after SEC Chair Gary Gensler stated the choice on whether or not to approve Bitcoin ETFs hadn’t been taken.
During morning hours in Asia, Bitcoin had recouped some losses, with BTC Price standing at $46,015 on the time of writing, down 1.5% during the last 24 hours. The market cap of Bitcoin dropped to $901.6 billion whereas buying and selling volumes slid practically 11% to $38.3 billion.
Ethereum — the second largest crypto — rose nearly 3% during the last 24 hours to $2,377, with its market capitalization rising to $285.7 billion. Trading quantity stood at $16.7 billion, up 26% during the last 24 hours.
While Tether (USDT) price was down 0.04%, BNB worth rose 1% and Solana (SOL) was up 0.7% during the last 24 hours. Meanwhile, XRP, Cardano (ADA), and Avalanche (AVAX) have been buying and selling within the purple. While Dogecoin costs largely remained flat, the Shiba Inu meme coin noticed an almost 3% rise in its costs.
The world crypto market bore the brunt of the large worth swings in Bitcoin and slid practically 0.7% to $1.7 trillion. The worry and greed index stage stood at 72, indicating traders have been nonetheless eager on shopping for crypto.
Top 3 Cryptos For Today
Pepe Extends Gains
The worth of Pepe Coin rose over 1% during the last 24 hours to $0.000001198, leading to a surge in its market cap, which stood at $503.6 million at press time. Trading volumes during the last 24 hours surged over 25% to $107.4 million.
Lido DAO (LDO) Price Soars 21%
Lido DAO traders are making hay whereas the solar shines as LDO worth rallied practically 21% over the 24 hours to $3.77. Its market cap grew to $3.36 billion whereas buying and selling volumes appreciated a staggering 102% to $341.6 million.
BONK Price Rallies Nearly 30%
Solana-based meme coin Bonk noticed an almost 30% rise in its costs during the last 24 hours. At press time, BONK’s worth stood at $0.00001617, whereas its market cap stood at $1.02 billion. Trading volumes during the last 24 hours skyrocketed 115% to $601 million.
Also Read: Bitcoin ETF Fake Tweet: Anthony Scaramucci Says SEC Staff Jumped The Gun
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