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Why Dogecoin Was Sinking Today

TheMotleyFool 
0 0 10.01.24
Why Dogecoin Was Sinking Today: https://g.foolcdn.com/editorial/images/760756/dog-looking-at-camera-with-its-mouth-open.jpg
 

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."

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Source Fool.com

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