Crypto Boosters Attack SEC For ‘Manipulating’ BTC Market After ETF Tweet

Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk

Tuesday’s bogus tweet from the SEC’s official X (formerly Twitter) account caused a rapid pump and then plummet in bitcoin’s price as traders tried to make sense of the apparent approval. By the looks of it, the powerful regulator had just greenlit every prospective BTC ETF application, delivering bitcoin speculators their long-awaited victory a full day ahead of schedule.

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