Bitcoin mysteriously rocketed above $5,000 — and one theory pins the rally on an April Fools' gag

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Some speculated that the jump was fueled by an April Fools' Day story about the SEC approving bitcoin exchange traded funds.

The more than 23% surge in bitcoin on Tuesday to prices above $5,000 is causing traders to scratch their heads.

"The United States Securities and Exchange Commission has made the decision to approve not one, but two applications for Bitcoin-based exchange traded funds ," the site said."Early next month, Bitcoin ETFs will be launched by Bitwise Asset Management and investment management firm VanEck."

 

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Some have insider informations, trade on them an never let anybody know ! At least business Insider reveal the real true informations to the outsiders. The shady blockchains world finally have some ethical journalists looking at the real questions ! Nothing misleading here !

HahahaahahaahahhHaha this person who tweet can better learn to code quickly.

That article = bottom is confirmed

Correct $90billion in crypto volume in 2 days is most definitely an April fools gag. Phenomenal reporting!

Journos trying to coorelate price moves is entertaining.

Every April fools pump

Ya so people spent millions on a gag👎. Try looking at the PA before the move.

The news will do everything in its power to suppress Cryptos and keep you hooked on the devaluing Fiat banker monetary system. They are scared as fuck.

$btc TA tells the story. There was no external catalyst.

Wtf?

Unfollowed

April's fool day joke : business insider has journalists.

Wtf is this? You call this journalis smh

Are you serious?

journalism is dead

Imagine thinking someone would spend millions and millions of dollars on an April fools gag

😂, and 2,5M people follow your bullsh1t, classic !

Someone knows something is the reason for the big purchase. ETF, Fidelity, bakkt, etc

Whoever wrote this article has a severe cognitive deficit...

delete this

Is the article itself the April Fools joke?

Can die from being just plain too stupid to live?

Muh “Business Insider” smh 🤦🏼‍♂️

Dear BI:

You're saying $100million poured into Bitcoin overnight because of an April fools joke? Great journalism!

Everyone working on robots, robotics, and AI should be immediately terminated. This was adorable compared to the potential damage that will be wrought by the nightmares these autistic dickheads are working on.

Traduced as Fuck i dint bought the Dip!!

Of all the theories - this has to be the laziest one ever - a fake out / bull trap or reversal etc anything would have been better... 🤮 it’s like reading Pravda from old Soviet Union 🤣

It seems wall street haven't got their fill of btc yet...

Stop trying to attatch stories to price movements. This isn't journalism.

Is this article a late April Fools' gag?

Pretty sure is the joke here

Business insider a year long April fools.

When 40B goes into crypto as an April fools 🙄

Or, the market moved because it was primed for a move?

Wat?

lmao wtf is this

😂😂😭😭😭

Better call yourself business outsider after this shit

wowzers wutmangundo?!

$500 mil worth of shorts got margin called

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