The SEC's official
However, minutes after this post, SEC Chairman Gary Gensler announced that the approval news was fake and that the ETFs were not actually approved, the SEC's official X account was hacked and the post was not made by the SEC.
After this statement, Bitcoin, which approached $ 48,000, experienced a sharp decline and fell to $ 44,700.
However, despite the decline in Bitcoin, some altcoins attracted the attention of investors with their rise.
Analyzing the altcoins that rose despite the decline in BTC, Santiment said that these altcoins were Ethereum (ETH), Aave (AAVE), Lido (LDO), HEX and PEPE.
“Following the SEC's false announcement regarding spot Bitcoin ETF approvals, the cryptocurrency community has turned its full attention to BTC.
However, despite Bitcoin falling to $45,000, there were altcoins that experienced a rapid rise.
These altcoins are worth tracking.”
Finally, Santiment warned investors by pointing out that Bitcoin is the focus of the market and said, “Although these altcoin rises please many people who trade with more speculative assets today, the lack of confidence in the largest asset of the cryptocurrency market will inevitably lead to many changes that depend on the price of BTC.” “Keep in mind that it will cause the market value to decrease,” he said.
👀📊 All eyes of the #crypto community shifted toward $BTC after the #SEC's false announcement of #BitcoinETF approvals. However, it has been #altcoins that have quickly seen major surges despite #Bitcoin declining as low as $45.4K. Though a multi-day #altcoinparty
(Cont) 👇 pic.twitter.com/qtAw2Ugi7t
— Santiment (@santimentfeed) January 10, 2024
*This is not investment advice.
