This article discusses how a whale in the cryptocurrency market suffered significant financial losses after buying Bitcoin based on fake news about the approval of a Bitcoin ETF. The market’s volatility and sensitivity to real and fabricated news are highlighted. The whale lost $49,000 within a short period of time. However, the article mentions that the court’s conclusion that the SEC’s initial rejection was unfounded could pave the way for the introduction of a Bitcoin ETF in the future.
AI Sentiment: Negative