Value of Bitcoin drops after false message about approval of Bitcoin funds

Bitcoin continued its decline on Wednesday, trading just below $46,000. On Tuesday, the world's largest cryptocurrency fell to around $45,000.
The drop followed a false message on B stating that the American stock exchange watchdog SEC had approved the arrival of listed bitcoin funds, also known as bitcoin ETFs.
However, SEC CEO Gary Gensler stated that the regulator's X account had been "compromised" and an "unauthorized" notice had been posted. He emphasized that the regulator had not yet approved the listed bitcoin funds.
The fake message on X was only online for a few minutes before the SEC clarified that it was incorrect. In that short period, the price of bitcoin rose from about $46,700 to almost $48,000 before falling back to $45,000.
Bitcoin has risen in value by about 160 percent since the beginning of last year due to optimism about the possible arrival of listed bitcoin funds. Investors in the currency are hoping that the SEC will give approval for these funds this week.