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Bitcoin’s price temporarily surged 1,000 USD due to misinformation

In January 2024, a fake approval for Bitcoin ETFs was announced by a compromised SEC account, causing Bitcoin’s price to briefly surge by over 1,000 USD. The actual approval occurred the following day, highlighting the crypto market’s sensitivity to misinformation.

Donald Trump, supporting cryptocurrency as the incoming US president, altered market sentiment by endorsing pro-crypto policies on Truth Social. His interactions with NFT figure Malcolm suggested a regulatory shift, impacting US crypto firm support and political attitudes toward regulation.

Bubblemaps criticized celebrity token sales in 2024, indicating potential insider trading and prompting legal challenges. This scrutiny impacted the public’s perception of celebrity-backed tokens and underscored the need for transparency and ethical practices in the crypto space.

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