The Latest Breaking News from Bitcoin

Bitcoin price spiked then dove late Tuesday after hackers posted fake news about bitcoin ETF approval from the official SEC Twitter account.

SEC's unauthorized announcement of approving bitcoin ETFs sparks excitement among investors, but Chairman Gensler clarifies account compromise and denial. ...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.17%. Stocks on Tuesday settled mixed. Reduced expectations for...

Long-awaited news on Bitcoin ETFs was thrown into chaos after the SEC Twitter account erroneously posted that they’d been approved.

Executives from leading firms suggested a potential approval announcement Wednesday, indicating that trading might start as soon as Thursday.

The SEC has been silent on the proposals but recently began issuing updates on spot Bitcoin ETF filings, amending eight 19b-4 forms detailing rule changes.

Bitcoin started the week strong, trading above $46,000 and later surpassing $47,000, marking a more than 6% increase from its Sunday closing price.

After tumbling in 2022, there was a Bitcoin rally last year. It doubled in 2023, with other forms of cryptocurrency rising even more.

The small-cap Russell 2000 fell over 1% but the Innovator IBD 50 rose 0.7%.