Bitcoin Spikes on False ETF Approval Rumors Before Settling Above $28K as Long-Term Holders Accumulate

Bitcoin hovers above $28K after false report of SEC approving a spot bitcoin ETF pushed prices up briefly

Prices surged toward $30K after Cointelegraph tweet claimed SEC approval, but sources quickly denied it

Total bitcoin liquidations in last 12 hours hit $137M, with longs at $45.6M and shorts at $91M

Data shows bitcoin holdings by long-term investors reaching record levels, while Ethereum gas usage drops

Stocks trend upward as diplomatic efforts try to contain Israel-Hamas conflict; Yellen says high rates may persist