Bitcoin ETF Approval: Fueling Bullish Momentum?

[Iamcrypticguy]

With the rumoured SEC's approval of a Bitcoin spot ETF, we've witnessed a bullish surge in its price, surpassing the 30k range before pulling back to consolidate for another potential run.

Considering this, is it safe to say that we're experiencing a historically bullish October? Additionally, which alts are you considering accumulating before the year's end? Let's dive into the world of alts together.☺️

[1714476597]

1714476597

[1714476597]

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[DdmrDdmr]

It didn’t really pullback to consolidate, but rather the market went back to how it was before the apparent fake news originated in a CoinTelegraph Tweet (now deleted), stating that Blackrock’s bitcoin spot EFT had been approved:

A journalist from Fox Business, Eleanor Terrett, contacted a representative from Blackrock, and confirmed the news to be (currently) fake. It seems that its only a matter of time, just not right now.

What would be interesting to know is where CoinTelegraph got their information from though. It seems we'll know in a few hours:
https://twitter.com/Cointelegraph/status/1713925876969017792

See:
https://www.newsbtc.com/bitcoin-news/bitcoin-price-surges-7-in-10-minutes-on-fake-ishares-etf-news/
https://ailtra.ai/blackrock-confirms-bitcoin-etf-approval-fake-news/ (source of the captured image)

[mk4]

*snip*

Lmao it's a shitshow. Can't believe such false news caused a domino effect among other "news" sites as they blindly followed the original article poster.

On the bright side — at least we now have an idea on how much we can pump once a real ETF approval takes place.

[nelson4lov]

This is why it's good to take conservative approach in bitcoin instead of diving head-first into anything. Anybody who used that tweet as a signal to long and didn't get out early enough is in solid losses now.


So Cointelegraph has made a tweet ~15 minutes ago to explain the situation:

We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF.

An internal investigation is currently underway. We are committed to transparency and will share the findings of the investigation with the public once it is concluded within 3 hours.

However, there is a reply[1] from Rollbit Casino that claims Cointelegraph made a long of BTC just before the tweet went live and closed at the $30,xxx price level.

[1]: https://twitter.com/rollbitcom/status/1713919556568113503

[lombok]

It didn’t really pullback to consolidate, but rather the market went back to how it was before the apparent fake news originated in a CoinTelegraph Tweet (now deleted), stating that Blackrock’s bitcoin spot EFT had been approved:

A journalist from Fox Business, Eleanor Terrett, contacted a representative from Blackrock, and confirmed the news to be (currently) fake. It seems that its only a matter of time, just not right now.

What would be interesting to know is where CoinTelegraph got their information from though. It seems we'll know in a few hours:
https://twitter.com/Cointelegraph/status/1713925876969017792

See:
https://www.newsbtc.com/bitcoin-news/bitcoin-price-surges-7-in-10-minutes-on-fake-ishares-etf-news/
https://ailtra.ai/blackrock-confirms-bitcoin-etf-approval-fake-news/ (source of the captured image)

True, it is very unfortunate that this fake news comes out of the mouths of the relatively large crypto media. Create market panic. This created a short squeeze and a long squeeze in a matter of minutes and who knows how much investors and retail lost due to this.



Within 10 minutes the news about the ETF went viral trending on Twitter. There are investors who experience losses of approximately $50 K.
https://twitter.com/lookonchain/status/1713920641521660232?t=WLXnCbgRBa6W5_YvigxKjw&s=19

[BALIK]

With the rumoured SEC's approval of a Bitcoin spot ETF, we've witnessed a bullish surge in its price, surpassing the 30k range before pulling back to consolidate for another potential run.

Considering this, is it safe to say that we're experiencing a historically bullish October? Additionally, which alts are you considering accumulating before the year's end? Let's dive into the world of alts together.☺️

It was fake news, and the cointelegraph deleted it, it was just someone's manipulation, and many long/short orders were liquidated. Be careful with all this news instead of getting excited, I think the market will have a stronger correction after this news is confirmed to be fake.

Besides bitcoin, I think this is not the right time to invest or accumulate altcoins. If you pay attention, many altcoins are showing signs of creating new bottoms instead of starting to recover. From what I see, when bitcoin increases, altcoins do not increase, but when bitcoin decreases slightly, altcoins decrease a lot. Therefore, investing in altcoins at this time is not wise.

[bangjoe]

*snip*

Lmao it's a shitshow. Can't believe such false news caused a domino effect among other "news" sites as they blindly followed the original article poster.

On the bright side — at least we now have an idea on how much we can pump once a real ETF approval takes place.

Hahahaha ... this is annoying, and I really hate the news just like you sir. And fortunately it can be overcome quickly, I don't know how it is left in a few hours until it spreads the world.

Yes, at least we see the domino effect of ETF Bitcoin when received by SEC to be traded, it seems that most people are waiting for that momentum to shop Bitcoin, rather than buying today and waiting for it until it is done.

Just because it came out of the trusted media development of Crypto, fake news also got a crazy reaction from Bitcoin investors.

[NewRanger]

With the rumoured SEC's approval of a Bitcoin spot ETF, we've witnessed a bullish surge in its price, surpassing the 30k range before pulling back to consolidate for another potential run.

Considering this, is it safe to say that we're experiencing a historically bullish October? Additionally, which alts are you considering accumulating before the year's end? Let's dive into the world of alts together.☺️

It was fake news, and the cointelegraph deleted it, it was just someone's manipulation, and many long/short orders were liquidated. Be careful with all this news instead of getting excited, I think the market will have a stronger correction after this news is confirmed to be fake.

Besides bitcoin, I think this is not the right time to invest or accumulate altcoins. If you pay attention, many altcoins are showing signs of creating new bottoms instead of starting to recover. From what I see, when bitcoin increases, altcoins do not increase, but when bitcoin decreases slightly, altcoins decrease a lot. Therefore, investing in altcoins at this time is not wise.

It is true, several well-known online media do not contain credible sources in this matter, but it seems that BlackRock also confirmed it is a false statement.



As you said, at least an initial picture can be seen of how the market will react if the SEC approves the BlackRock spot bitcoin ETF.

[Lucius]

When someone trusts that source, he gets exactly what he was looking for, which is fake news or a poorly written article. It seems to me that someone from that team did it on purpose and made good money, and all that nonsense about the investigation is only for naive people who believe in fairy tales.

If it happens that the SEC approves such an ETF for anyone, be sure that you won't read it first on some third-rate portal that doesn't know how to produce anything other than clickbait titles.

[AnisahSiti]

With the rumoured SEC's approval of a Bitcoin spot ETF, we've witnessed a bullish surge in its price, surpassing the 30k range before pulling back to consolidate for another potential run.

Considering this, is it safe to say that we're experiencing a historically bullish October? Additionally, which alts are you considering accumulating before the year's end? Let's dive into the world of alts together.☺️

It was fake news, and the cointelegraph deleted it, it was just someone's manipulation, and many long/short orders were liquidated. Be careful with all this news instead of getting excited, I think the market will have a stronger correction after this news is confirmed to be fake.

Besides bitcoin, I think this is not the right time to invest or accumulate altcoins. If you pay attention, many altcoins are showing signs of creating new bottoms instead of starting to recover. From what I see, when bitcoin increases, altcoins do not increase, but when bitcoin decreases slightly, altcoins decrease a lot. Therefore, investing in altcoins at this time is not wise.

It is true, several well-known online media do not contain credible sources in this matter, but it seems that BlackRock also confirmed it is a false statement.



As you said, at least an initial picture can be seen of how the market will react if the SEC approves the BlackRock spot bitcoin ETF.

BTC is still very susceptible to manipulation, especially regarding news. Cointelegraph's class alone can provide fake news like this, is this the reason the SEC has not accepted a Bitcoin ETF until now?

[Wapfika]

However, there is a reply[1] from Rollbit Casino that claims Cointelegraph made a long of BTC just before the tweet went live and closed at the $30,xxx price level.

[1]: https://twitter.com/rollbitcom/status/1713919556568113503

This is madness. It’s a fraud since they are using their service to manipulate the price for their own gain. This why regulators is very eager to tighten crypto regulation because of this kind of shady services that was supposed to be sharing genuine news only to crypto space.

I they will face lawsuit once proven their act of manipulation. There’s tons of money loss both positions due to this price manipulation.

[cygan]

dont trust, verify!
and with this tweet Cointelegraph apologizes for its 'inaccurate' coverage of the Blackrock Bitcoin etf. absolute scandal in my eyes and i am very curious what the 'internal' investigation will bring.


https://twitter.com/Cointelegraph/status/1713925876969017792

[ShinyStarPrincess]

With the rumoured SEC's approval of a Bitcoin spot ETF, we've witnessed a bullish surge in its price, surpassing the 30k range before pulling back to consolidate for another potential run.

Considering this, is it safe to say that we're experiencing a historically bullish October? Additionally, which alts are you considering accumulating before the year's end? Let's dive into the world of alts together.☺️

the Cointelegraph Twitter account said that the Bitcoin ETF was Approved, but now that tweet is no more. Manipulation?, Or just Negligence? But I leave you this image and tell me hehe

https://twitter.com/wiseadvicesumit/status/1713928047555125327

[franky1]

if your making large financial actions(without decision) based on a tweet you read minutes ago without researching or validating the source information.. then learn from your mistakes fast! or you will just repeat them and blame everyone else

[Rikafip]

absolute scandal in my eyes and i am very curious what the 'internal' investigation will bring.

Why scandal? Its not like we didn't have fake news before and this one is no different than the others and if someone got rekted by following these typpe of news , tough luck.

i am very curious what the 'internal' investigation will bring.

Allegedly its an intern fault lol. How convenient. 

[ajiz138]

This news has galvanized X.com has clarified that this is fake news published by Cointelegraph.

In all likelihood, they made a mistake, and tried to manipulate through their own news. LOL

It seems to me that someone from that team did it on purpose and made good money, and all that nonsense about the investigation is only for naive people who believe in fairy tales.

They have made $2,250,800 from Rollbit with 4400 percent ROI under the name Cointelegraph. Obviously this is something that was planned and they made an entry and then went out and said it was an internal error. Very funny. 

[darkv0rt3x]

Something like this came up somewhere. A nice drop indeed and around 65 million in BTC liquidated... Some more weak hands are gone from the market. Evolution theory doing what it is supposed to do. Keep it going.
Nevertheless, an impressive move of price.

[KiaKia]

It turned out to be fake, I almost long the market because I knew it would be a big pump but coming from Cointelegraph makes me halt, because this website is always filled with nonsense, mostly lies, I remember in 2020 when I was doing some research on new projects, this same Cointelegraph shilled some new projects and it ended up a scam, and I couldn't find the link to the project on their website anymore, I noticed they got rid of it so fast, there are also some projects that are not even listed on Binance exchbage but for the sake of creating FOMO they named Binance as one of the exchanges that the project will get listed on, later it turned into a different story, to cut this short Countelegraph can not be trusted, they have been doing this for so long and maybe many don't notice it, like 100M have been liquidated because of this fake news today, I escaped this because of my past experience with Cointelegraph.

[Uruhara]

Only fake news circulating can move the market so aggressively and quickly. So I think right now people are fully prepared for a bull market. Because if the news is true then of course the price will not be corrected again and will probably continue to rise higher quickly. However, it is very unfortunate that this news is a hoax.

However, this incident at least provides a fairly clear picture that bullish strength is really strong. Just waiting for a good momentum to happen. And when all Bitcoin ETFs are approved by the SEC then I think the rise will really be much faster. It's quite scary to see the market moving quickly like that.

[Casdinyard]

They've been at it for months now. I don't think they're really going to push for bitcoin ETF lol, probably just giving us blueballs at this point. And even if they did mean it this time the market's not reflecting well upon this news. Just a couple of hours in and we're already in the red (granted we still have a whole day to wait for it to resolve but whatever), which goes to show how we're either fed up with the bullshit that the SEC's putting the bitcoin community through, or we're just not buying their shit anymore.

Moving forward I see this as a massive win. I don't think bitcoin ETF's going to be beneficial to bitcoin anyway considering the fact that it would be manhandled by stupid retards on Wall Street instead of the people where it truly belongs.