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Bitcoin price swings after fake regulator post

 Published: 12:45, 10 January 2024

Bitcoin price swings after fake regulator post

Bitcoin jumped briefly on Tuesday after a post on the US markets regulator's X account (formerly Twitter) said it had approved new so-called exchange-traded funds (ETFs) in the cryptocurrency.

The Securities and Exchange Commission (SEC) later deleted the post and said its account had been "compromised". The social media platform has said the compromised account was not due to a breach of its systems.

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