Bitcoin News Today: Bitcoin Holds Steady Amid False SEC ETF Rumor-Driven Volatility

Bitcoin’s price remained resilient on August 13, 2025, despite a wave of false rumors circulating about a U.S. Securities and Exchange Commission (SEC) approval of spot Bitcoin exchange-traded funds (ETFs). The misleading news triggered a brief price surge to $30,000 before a sharp pullback, resulting in approximately $1.05 billion in liquidations, particularly affecting long positions in the crypto market [1]. This short-lived volatility, however, did not disrupt broader market stability, with Bitcoin continuing to trade near $108.7K and ether above $2,600 [3].

The rumors appeared to originate from fabricated statements attributed to U.S. regulators, but no official statements—particularly from U.S. Treasury Secretary Janet Yellen—were linked to the alleged price movements. The market quickly corrected after confirmation that the claims were false, and no validated statements from U.S. officials indicated any strategic reserve intentions or regulatory shifts involving Bitcoin [1].

Stable funding rates on major exchanges suggested that bullish pressure had not fundamentally shifted, despite the brief panic [2]. Analysts have highlighted that $126,000 remains a key resistance level for Bitcoin, though it remains speculative and has not yet been tested in actual trading [4]. The broader regulatory environment, including the SEC’s ongoing efforts to approve spot crypto ETFs, continues to provide a cautiously optimistic outlook for institutional investors and long-term holders [3].

This incident underscores the susceptibility of crypto markets to misinformation, particularly through social media platforms, where a single misleading post can trigger panic and substantial losses. The rapid correction following the debunking of the rumors highlights the importance of rigorous verification before acting on market-moving news [1].

For now, the market appears to be stabilizing, with no further signs of panic-driven movements. Investors are advised to remain cautious and verify the legitimacy of news before making any major trading decisions. The episode serves as a reminder of the need for greater transparency and improved market education to mitigate the impact of false narratives in crypto trading [1].