Bitcoin Pumps'n'Dumps After SEC Spot ETF Confirmation Denied; Ed Snowden Says 'Focus On Crypto Fundamentals'

CoinTelegraph has tweeted an apology: 

We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF. 

An internal investigation is currently underway. We are committed to transparency and will share the findings of the investigation with the public once it is concluded within 3 hours.

We suspect a few day-traders will be more than a little upset still.

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Following the surge in crude oil, gold, and bonds late last week as tension escalated in the Middle East, it appears Bitcoin is the latest to feel the squeezey alternate/safe-haven flows as the crypto currency has exploded higher this morning, topping $30,000 for the first time since August...

This moves comes after SEC's decision not to appeal the court's ruling against them over Grayscale's Spot Bitcoin ETF application.

While we are yet to confirm, the move appears to have been driven by  a CoinTelegraph tweet that the SEC has approved a Spot Bitcoin ETF...

We would be highly surprised that the SEC would have folded so fast on this, so trade accordingly. Meanwhile the discount on GBTC has dropped to 2 year lows...

Additionally, as CoinTelegraph reports, prominent Bitcoiners and contemporary adopters highlighted the need to focus on the fundamental value proposition of Bitcoin to continue its push to mainstream acceptance in the packed Genesis Stage hall at Bitcoin Amsterdam.