After months of declining volatility, Bitcoin traders experienced some of the wildest price swings they’ve seen in a while when a false report circulated saying that the US had approved a long-awaited exchange-traded fund.
The largest digital asset jump more than 10% to $30,000 around 9:30 a.m. in New York, only to cut the gain by more than half a few minutes later after BlackRock said that its application for an ETF that invests directly in the cryptocurrency is still under review. The intraday move was the largest since March.
