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Home » Bitcoin sheds $50 billion in market capitalization after fake SEC ETF approval rattles market – CryptoSlate

Bitcoin sheds $50 billion in market capitalization after fake SEC ETF approval rattles market – CryptoSlate

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Bitcoin’s (BTC) market capitalization dropped by around $50 billion during the last 24 hours after a fake approval post of spot exchange-traded funds (ETF) emerged on the U.S. Securities and Exchange Commission (SEC) official handle on X.Data from CryptoSlate shows that the top cryptocurrency by market capitalization fell to as low as $890 billion from $938 billion immediately after the fake news emerged. It has since recovered to around $900 billion as of press time.Following the fake news, BTC’s value surged to nearly $48,000, as it immediately grabbed significant attention, prompting premature celebrations among crypto enthusiasts anticipating this groundbreaking decision.Subsequently, the… 

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