Bitcoin price jumps after hackers hijack SEC Twitter account

[rbc]

The price of bitcoin briefly spiked on Tuesday after a post from the Securities and Exchange Commission’s Twitter account claimed that the agency had approved exchanged traded funds to buy and sell the digital currency — a post the agency’s chairman subsequently said had occurred because its account on the social media platform X had been compromised.

Speculators and investors in bitcoin are eagerly awaiting news of whether the SEC will approve bitcoin ETFs — which is expected to cause a flood of purchases in the digital currency, driving up the price — and Tuesday’s post on the social media platform formerly known as Twitter seemed to confirm that the agency would greenlight the funds.

But no such decision has been made, SEC Chair Gary Gensler wrote on X.
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Bitcoin price jumps after hackers hijack SEC Twitter account