"Bitcoin ETF Decision Looms as SEC Account Compromised: Market Impact and Ether Surge"
TL;DR Summary
Bitcoin prices fell over 2% as investors awaited the SEC's decision on spot bitcoin exchange-traded funds, following a false announcement from the regulator's X account. Meanwhile, ether surged to its highest level since May 2022, rising over 7% to $2,434.41. The SEC is expected to approve several ETFs at once, with potential for a sell-the-news event and a price correction. Investors are also looking ahead to potential approval of spot ETH ETFs, with firms like BlackRock, Invesco, Ark, and VanEck in line for approval.
- Bitcoin falls ahead of ETF decision, ether surges to its highest level since May 2022 CNBC
- SEC X Account Compromised, Bitcoin ETFs Not Yet Approved Bloomberg Television
- SEC should be held accountable for 'market-moving mistake': US senator says Blockworks
- SEC's account compromise was 'not due to any breach of X's systems,' company says CNBC
- X Confirms SEC Account Hacked Through Compromised Phone Number, No 2FA CryptoPotato
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