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France 24
France 24
Business
Carys GARLAND

Fake social media post from US regulator prompts Bitcoin price swing

Bitcoin SEC the US Securities and Exchange Commission Crypto Petrol
BUSINESS DAILY © FRANCE 24

The US Securities and Exchange Commission (SEC) says its account on X (formerly Twitter) was hacked after a post appeared to approve the trading of spot Bitcoin exchange-traded funds (ETFs). With a decision on crypto ETFs expected this week, Bitcoin prices briefly spiked to almost $48,000 before coming back down after the SEC's chair refuted the announcement. Also in this edition, Cubans queue for petrol ahead of a government move to end fuel subsidies.

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