Bitcoin price jumps after hackers hijack SEC Twitter account

An unauthorized party briefly gained access to the SEC’s official X account and posted a false claim that spot bitcoin ETFs had been approved, causing bitcoin’s price to spike toward $48,000 before dropping below $46,000 after the SEC clarified the post was fraudulent. The SEC confirmed unauthorized access was terminated, offered no technical details on the compromise, and said it will work with law enforcement on an investigation.