Bitcoin ETFs not approved. SEC Twitter account got hacked. \ stacker news ~bitcoin

Something really odd happened. The price of bitcoin fall before Gary Gensler post about the hack. In fact the price recovered after his post tille there is a second regain and post about the hack.

Seems to be that there was inside information but not well coordinated to wait to some posts.

I guess that this must be investigated. Who won?

The guy that bought and sold on top.
The SEC because now they will wait for Q2 for the approval.

Who lost? The people.

https://m.stacker.news/11518

54 sats \ 0 replies \ @SimpleStacker 10 Jan 2024

Can't lose if you don't play

3 sats \ 0 replies \ @tomlaies 10 Jan 2024

Something really odd happened. The price of bitcoin fall before Gary Gensler post about the hack.

This isn't odd. It makes 100% sense.

The hacker knew what he was doing and traded btc, probably with leverage. Large trades move exchange rates.

28 sats \ 1 reply \ @Atreus 10 Jan 2024

I liked it better when we were at 16K

0 sats \ 0 replies \ @Bitcoinisawesome 10 Jan 2024

Cheap sats, 1svb, no etf. <3

10 sats \ 0 replies \ @TwoLargePizzas 10 Jan 2024

They got hacked is almost certainly a lie. So what really happened? Intentional market manipulation? Maybe, but that might be a little too obvious.

My speculation so far...

Someone did approve the ETF and the tweet went out.
Then someone else with higher authority reneged on the approval.
Caught with their pants down they lied about the hack.

Still, any explanation is pretty wild to think about. None of these things look good for the SEC and it certainly reinforces clown world 🤡

21 sats \ 0 replies \ @KesterBils 9 Jan 2024

I don't think this is a hack, I believe it's manipulation at its highest order and we should expect more of that once an ETF is approved.

Hodling and DCA is bae.

100 sats \ 0 replies \ @nitter 9 Jan 2024

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21 sats \ 0 replies \ @bitcoin_rationalist 10 Jan 2024

https://m.stacker.news/11515

2 sats \ 3 replies \ @quark 9 Jan 2024

hacked? this feels so strange. They may have to prove it was hacked. it smells very suspicious.

10 sats \ 1 reply \ @freetx 9 Jan 2024

most large firms use various social media services to schedule and post messages....perhaps someone set the schedule wrong? Tues at 4pm instead of Weds at 4pm....?

0 sats \ 0 replies \ @edulopesf 10 Jan 2024

Exactly

0 sats \ 0 replies \ @KesterBils 9 Jan 2024

It smells suspicious because it is. This is manipulation at its peak

0 sats \ 0 replies \ @Ge 10 Jan 2024

What do we really think will happen I think it won't get approved anytime soon just too much work for them to do... eventually will it yes in an attempt to regulate it and also price manipulation as it did with gold and silver... end of the day etfs are for lazy people who don't dyor why would a person by paper gold, silver,s&p 500, bitcoin over the real thing..