Bitcoin Rallies on Fake News of SEC Approval Before Slumping Back; Regulatory Concerns Mount

Bitcoin breaks past $30,000 after fake news of SEC approving a Bitcoin ETF briefly rallies prices.

The fake news highlights market expectations that an SEC-approved Bitcoin ETF could boost prices.

The SEC is still expected to eventually approve a Bitcoin ETF, which remains crypto's best hope of exiting its slump.

New York's AG sues Genesis over its 8% yield product, raising questions for Grayscale's Bitcoin ETF application.

Regulators focusing more on crypto, with Treasury proposing designating mixers as money laundering threats.