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Jan 10,2024

Cryptocurrency Price Today: Brief Rally Is Caused By Erroneous US SEC Tweet About Bitcoin Spot ETFs

Quick analysis of the cryptocurrency pricing on January 10: The value of the world market fell to $1.71 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), momentarily approached $48,000 after a fictitious tweet purporting to be from the US Securities and Exchange Commission (SEC) said that all spot BTC exchange-traded funds have the agency's approval. The tweet was promptly taken down by the SEC, which also said that its social media accounts had been hijacked. As a result, in a matter of hours, the price of Bitcoin crashed to the $46,000 range. Derivatives valued at more than $50 million were liquidated during the movement.

At the time of writing, the value of the entire cryptocurrency market was $1.71 trillion, a decrease of 0.83 percent in a day.

Bitcoin (BTC) Price Today

According to CoinMarketCap, the price of bitcoin was $46,127.84, down 1.39 percent in a day.

Ethereum (ETH) Price Today

At the time of writing, the price of ETH was $2,363.26, a 2.46 percent increase in just one day.

Dogecoin (DOGE) Price Today

According to CoinMarketCap data, DOGE saw a 0.60 percent 24-hour decline, with a current price of $0.07986.

Litecoin (LTC) Price Today

Litecoin increased by 0.87 percent in a day. As of writing, its trade price was $67.65.

Ripple (XRP) Price Today

The price of XRP was $0.5701, down 0.64 percent in a day.

Solana (SOL) Price Today

The price of Solana was $99.98, a 1.68 percent decrease in a day.

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