False Post About BlackRock ETF Caused Bitcoin Price Spike and $84 Million in Losses
A false post by cryptocurrency news outlet Cointelegraph about BlackRock's approval of a Bitcoin ETF caused the price of Bitcoin to spike by 7% before plummeting back down. Investors who had shorted the price lost $84 million. Cointelegraph later deleted the post and issued an apology, acknowledging the serious ramifications of their actions.
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False Post About BlackRock ETF Caused Bitcoin Price Spike and $84 Million in Losses
A false post by cryptocurrency news outlet Cointelegraph about BlackRock's approval of a Bitcoin ETF caused the price of Bitcoin to spike by 7% before plummeting back down. Investors who had shorted the price lost $84 million. Cointelegraph later deleted the post and issued an apology, acknowledging the serious ramifications of their actions.