It’s been one hell of a week. Bitcoin’s price is up by a whopping 10% throughout it, and the entire market is painted in green. Ripple’s streak of wins against the US Securities and Exchange Commission continues. There’s a lot to unpack, so let’s dive in!

First things first, after a relatively boring weekend where nothing much happened, it was all engines go on Monday. And yet, the reason will astound you. A report came out that the United States Securities and Exchange Commission had approved BlackRock’s proposal for a spot Bitcoin ETF.

As one would expect, the price instantly skyrocketed, pushing above $30K on Binance. But suddenly, it started crashing just as quickly as it went up. It turned out that the report was fake. BlackRock denied the claims and said that the Commission is still reviewing their application.

If this doesn’t grind your gears, there’s more!

Today, Bitcoin’s price took a sudden leg upward and increased toward $30K once again. This had apparently caught short sellers off-guard, as there are more than $100 million worth of liquidated short positions (24h), at the time of this writing.