Major cryptocurrencies on Tuesday evening, took a dive due to a false rumor circulating on X, claiming that the Securities and Exchange Commission (SEC) had given approval to BlackRock’s (NYSE:BLK) spot bitcoin ETF application. However, this information turned out to be false, leading to a decline in the cryptocurrency market.
What Happened: BTC took a dive down to $28,100 in the early hours of the day before making a comeback and reaching near $28,500. That’s a slight increase over the past 24 hours.
In other news, Binance is temporarily suspending new user registrations in the United Kingdom This decision comes in light of the Financial Conduct Authority’s (FCA) regulations, which placed restrictions on Binance’s partner, Rebuildingsociety.com Ltd (REBS).
As a result, Binance is currently seeking a new FCA-authorized partner to comply with marketing requirements. During this transition period, there will be some temporary restrictions on Binance’s platform and mobile app until a new partner is onboarded and financial promotions are reapproved.
Binance.US, in a recent update to its terms of use, announced the temporary suspension of direct dollar withdrawals for customers in the United States.
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Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 9:30 p.m. EDT)
Solana
+6.69%
$24.33
Bitcoin SV
+5.54%
$39.47
Apecoin
+3.36%
$1.11
The global ...