Why Dogecoin Was Sinking Today
On a particularly memorable day for cryptocurrencies, Dogecoin (CRYPTO: DOGE) was falling more than 4% Tuesday afternoon. The overall crypto market was affected by a hot piece of news that turned out to be fake, while Dogecoin itself was jostled by another falsehood.
The big piece of fakery was a post that afternoon on the X (formerly Twitter) account of the Securities and Exchange Commission (SEC) regarding Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs).
The post stated that "Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection."
Source Fool.com
