While the news may not be real, the money at risk is very real. Data from tracking firm Coinglass shows that a total of more than $85 million worth of positions, mostly short positions, were liquidated in the past 24 hours.
While misinformation is inevitable with a market beloved by both scammers and digital enthusiasts, this scam has heated up the debate over whether the market has truly priced in the market. The emergence of a Bitcoin spot ETF yet. It also underscores regulators' concerns that individual investors lack basic protections in the markets — a sticking point that has previously led the Securities and Exchange Commission to limit openings. widen market access.
According to Michael O'Rourke, chief market strategist at JonesTrading, “the fake news about a Bitcoin spot ETF being approved highlights the challenge of protecting investors in an unregulated, attractive space. Shady activities and widespread speculation.”
While misinformation is inevitable with a market beloved by both scammers and digital enthusiasts, this scam has heated up the debate over whether the market has truly priced in the market. The emergence of a Bitcoin spot ETF yet. It also underscores regulators' concerns that individual investors lack basic protections in the markets — a sticking point that has previously led the Securities and Exchange Commission to limit openings. widen market access.
According to Michael O'Rourke, chief market strategist at JonesTrading, “the fake news about a Bitcoin spot ETF being approved highlights the challenge of protecting investors in an unregulated, attractive space. Shady activities and widespread speculation.”
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