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🚫 FAKE TWEEK pushed $BTC to $110K? Paraguayan President involved!
At 12:53 AM GMT on June 10, 2025, something wild happened.
The verified X account of Paraguayan President Santiago Peña tweeted that the country had officially approved Bitcoin as legal tender. It mentioned a $5 million bitcoin reserve, bond access for crypto holders, and even included a wallet address for people to stake their BTC.
Except - it was all fake. The post was oddly written in English (not Spanish), which raised a few red flags. Still, the news was explosive enough to cause a frenzy. Within minutes, Paraguay’s official government account confirmed the president’s X profile had been hacked. The tweet was removed, but the markets had already reacted.
Bitcoin soared 4% within the hour, spiking to $110,450 - one of its biggest intraday moves this quarter. And BTC wasn’t alone. The entire market caught fire:
- $ETH pumped 7%
- $XRP jumped 6%
- $SOL and ADA both added 5–6%
Why? Because even the possibility of another country going the El Salvador route is enough to spark a bull wave. The tweet may have been fake, but the FOMO was very real. Behind the scenes, momentum was already building. U.S.–China trade talks were easing macro pressure. The bipartisan CLARITY Act passed committee votes, giving the CFTC more power over crypto. In Europe, Coinbase and Gemini were closing in on full MiCA approval.
So when the tweet dropped, it simply poured gas on an already burning fire. Did the tweet cause the entire pump? Not alone. But it was the spark that set off a perfect storm of bullish momentum. In the end, the address in the hacked tweet was flagged, the news was debunked - but the market had already made its move. Crypto doesn’t wait. Even fake news can move billions. Moral of the story? In a market driven by speed, emotion, and speculation, always verify - but be ready to move!
Follow @Professor Mende - Bonuz Ecosystem Founder for more! #Paraguay #FakeTweet #CryptoMarketNews #CryptoMarketWatch #BitcoinPrice
At 12:53 AM GMT on June 10, 2025, something wild happened.
The verified X account of Paraguayan President Santiago Peña tweeted that the country had officially approved Bitcoin as legal tender. It mentioned a $5 million bitcoin reserve, bond access for crypto holders, and even included a wallet address for people to stake their BTC.
Except - it was all fake. The post was oddly written in English (not Spanish), which raised a few red flags. Still, the news was explosive enough to cause a frenzy. Within minutes, Paraguay’s official government account confirmed the president’s X profile had been hacked. The tweet was removed, but the markets had already reacted.
Bitcoin soared 4% within the hour, spiking to $110,450 - one of its biggest intraday moves this quarter. And BTC wasn’t alone. The entire market caught fire:
- $ETH pumped 7%
- $XRP jumped 6%
- $SOL and ADA both added 5–6%
Why? Because even the possibility of another country going the El Salvador route is enough to spark a bull wave. The tweet may have been fake, but the FOMO was very real. Behind the scenes, momentum was already building. U.S.–China trade talks were easing macro pressure. The bipartisan CLARITY Act passed committee votes, giving the CFTC more power over crypto. In Europe, Coinbase and Gemini were closing in on full MiCA approval.
So when the tweet dropped, it simply poured gas on an already burning fire. Did the tweet cause the entire pump? Not alone. But it was the spark that set off a perfect storm of bullish momentum. In the end, the address in the hacked tweet was flagged, the news was debunked - but the market had already made its move. Crypto doesn’t wait. Even fake news can move billions. Moral of the story? In a market driven by speed, emotion, and speculation, always verify - but be ready to move!
Follow @Professor Mende - Bonuz Ecosystem Founder for more! #Paraguay #FakeTweet #CryptoMarketNews #CryptoMarketWatch #BitcoinPrice
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