Bitcoin briefly hits $47,900 after US SEC account hacked

The cryptocurrency market experienced significant price fluctuations on Wednesday, triggered by a misleading social media post from the US Securities and Exchange Commission (SEC) regarding the approval of spot bitcoin exchange-traded funds (ETFs); however, the market capitalization lost 2.1 percent to reach $1.75 trillion after the post was termed fake.

As of 1305 hours GMT, the price of…

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News Source: dailytimes.com.pk