On Tuesday, there was a rapid surge in both Coinbase Global Inc (NASDAQ: COIN) and Bitcoin (BTC/USD) prices, driven by an erroneous tweet from Cointelegraph falsely claiming the SEC's approval of BlackRock's spot Bitcoin ETF application.
Bitcoin's price saw a remarkable increase of over 10% in response to the misleading news, while Coinbase initiated Monday's trading session with an approximately 7% gain, surpassing the S&P's modest 0.6% opening.
However, the excitement was short-lived as BlackRock promptly refuted the rumors, clarifying that "the iShares Spot Bitcoin ETF application is still ...