The post Price Surge After Bitcoin ETF Fake News, New Meme Coin On the Horizon Plus More… appeared on BitcoinEthereumNews.com.

In Bitcoin news, holders were in the green after a wave of genuine and questionable industry developments regarding the crypto world’s elusive quest to gain SEC approval for a new Spot Bitcoin ETF. Nevertheless, Bitcoin today sailed past the $29,000 resistance barrier, topping out at the $30,800 mark in the past 24 hours before pulling back to $30,000 at the time of writing. The last time Bitcoin prices made a similarly remarkable surge was on October 16, off the heels of a fake report regarding the approval of BlackRock’s iShares Bitcoin ETF in the U.S. The rumor, published on the X (formerly Twitter) account of crypto media outlet Cointelegraph, set off a brief 10% surge to $30,000. The fake report caused widespread volatility, triggering a rash of hourly liquidations running up to $100 million. Cointelegraph edited its tweet, and it was subsequently deleted on October 17. According to a BlackRock representative, the United States SEC is still reviewing the ETF application and awaiting approval. Likewise, SEC sources confirmed that the Cointelegraph Bitcoin news report was inaccurate. However, the genie is out of the bottle. The pressure is on for Bitcoin today as the token tops a new multi-month high at $30,800 before losing ground as it tests support levels at around the $30,000 mark. New meme coin on the horizon gaining massive traction in ICO A new meme coin is emerging to give the meme coin market a much-needed revamp. It combines the virality of meme coins with a touch of AI sophistication—and it’s coming to purge the scene of weak and unoriginal meme coins. Memeinator isn’t just any other meme coin ripoff. It’s bringing a Terminator-style Judgment Day to the meme coin space, exposing low-effort meme coins lacking utility and destroying them on its way to a $1 billion…

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Filed under: News - @ October 25, 2023 4:36 am