{"id":555607,"date":"2023-10-16T14:08:50","date_gmt":"2023-10-16T14:08:50","guid":{"rendered":"https:\/\/wncen.com\/?p=555607"},"modified":"2024-06-11T08:10:28","modified_gmt":"2024-06-11T08:10:28","slug":"bitcoin-price-surges-7-in-10-minutes-on-fake-ishares-etf-news","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-surges-7-in-10-minutes-on-fake-ishares-etf-news\/","title":{"rendered":"Bitcoin Price Surges 7% In 10 Minutes On Fake iShares ETF News"},"content":{"rendered":"

Bitcoin price just made one of its most volatile moves in some time on the back of what has amounted to be fake news regarding the approval of the BlackRock iShares spot BTC ETF.<\/p>\n

Within seconds of a fake X post, BTCUSD surged by over 7% in ten minutes \u2013 only to retrace the entire rally and then some.<\/p>\n

Bitcoin Price Rejected As iShares ETF News Revealed To Be False<\/h2>\n

No, BlackRock’s iShares spot Bitcoin ETF<\/a> has not been approved. But that’s what was just making waves around social media, especially Elon Musk’s X platform.<\/p>\n

Within the ten minutes following the phony report from CoinTelegraph, BTCUSD soared by more than 7% \u00a0and almost $2,000. The top cryptocurrency by market cap, however, was stopped at $30,000 and rejected all the way back down to below $28,000 in the following fifteen minutes once the news was disproven.<\/p>\n

Related Reading: Bitcoin Bulls Could Buck Downtrend With Move To $42,000<\/a><\/div>\n

Fox Business journalist Eleanor Terrett claims<\/a> to have spoken to a representative for BlackRock directly, who confirmed that the iShares application is still under review with the United States SEC. CoinTelegraph has since deleted the tweet (pictured below).<\/p>\n

\"BTCUSD_2023-10-16_10-04-47\"<\/p>\n

A massive 25 minute pump and dump | BTCUSD on TradingView.com<\/a><\/pre>\n
The situation shows that the market has serious pent up energy that is ready to release the moment a spot ETF is approved. But it also could demonstrate to the SEC exactly why a spot ETF shouldn’t be approved when crypto prices are subject to such blatant manipulation through the media.<\/p>\n
Related Reading: Learn How To Use The Ichimoku Cloud<\/a><\/div>\n
While a spot ETF is inevitable at this point, today’s news has now repeatedly been confirmed to be false.<\/p>\n
Tony is the author of the CoinChartist (VIP) newsletter<\/a>. Sign up for free<\/a>. Follow @TonyTheBullBTC<\/a> & @coinchartist_io<\/a> on Twitter. Or join\u00a0the TonyTradesBTC Telegram<\/a> for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from Shutterstock, Charts from TradingView.com<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price just made one of its most volatile moves in some time on the back of what has amounted to be fake news regarding the approval of the BlackRock iShares spot BTC ETF. Within seconds of a fake X post, BTCUSD surged by over 7% in ten minutes \u2013 only to retrace the entire rally and then some. Bitcoin Price Rejected As iShares ETF News Revealed To Be False No, BlackRock’s iShares spot Bitcoin ETF has not been approved. But that’s what was just making waves around social media, especially Elon Musk’s X platform. Within the ten minutes following the phony report from CoinTelegraph, BTCUSD soared by more than 7% \u00a0and almost $2,000. The top cryptocurrency by market cap, however, was stopped at $30,000 and rejected all the way back down to below $28,000 in the following fifteen minutes once the news was disproven. Related Reading: Bitcoin Bulls Could Buck Downtrend With Move To $42,000 Fox Business journalist Eleanor Terrett claims to have spoken to a representative for BlackRock directly, who confirmed that the iShares application is still under review with the United States SEC. CoinTelegraph has since deleted the tweet (pictured below). A massive 25 minute pump and dump | BTCUSD on TradingView.com The situation shows that the market has serious pent up energy that is ready to release the moment a spot ETF is approved. But it also could demonstrate to the SEC exactly why a spot ETF shouldn’t be approved when crypto prices are subject to such blatant manipulation through the media. Related Reading: Learn How To Use The Ichimoku Cloud While a spot ETF is inevitable at this point, today’s news has now repeatedly been confirmed to be false. Tony is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join\u00a0the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from Shutterstock, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":555611,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240,86683,3],"tags":[428,7720,1119,1144,78790,6664,1944,89662,4524,76835],"class_list":["post-555607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-breaking-news-ticker","category-news","tag-bitcoin","tag-blackrock","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-etf","tag-ishares","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Surges 7% In 10 Minutes On Fake iShares ETF News<\/title>\n<meta name=\"description\" content=\"Bitcoin price just made one of its most volatile moves in some time on the back of what has amounted to be fake news regarding the approval of 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Surges 7% In 10 Minutes On Fake iShares ETF News","url":"http:\/\/wncen.com\/news\/bitcoin-price-surges-7-in-10-minutes-on-fake-ishares-etf-news\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-surges-7-in-10-minutes-on-fake-ishares-etf-news\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1038686530.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1038686530.jpg?fit=6700%2C4467"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","blackrock","btc","btcusd","btcusdt","crypto","etf","ishares","xbt","xbtusd"],"dateCreated":"2023-10-16T14:08:50Z","datePublished":"2023-10-16T14:08:50Z","dateModified":"2024-06-11T08:10:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Surges 7% In 10 Minutes On Fake iShares ETF News\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-surges-7-in-10-minutes-on-fake-ishares-etf-news\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-surges-7-in-10-minutes-on-fake-ishares-etf-news\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1038686530.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/shutterstock_1038686530.jpg?fit=6700%2C4467\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"blackrock\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"etf\",\"ishares\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2023-10-16T14:08:50Z\",\"datePublished\":\"2023-10-16T14:08:50Z\",\"dateModified\":\"2024-06-11T08:10:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/shutterstock_1038686530.jpg?fit=6700%2C4467","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555607"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=555607"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/555611"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=555607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=555607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=555607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}