#MarketRebound 🟡 $BTC Bitcoin Surges Past $110K! 🚀
Here’s what triggered the move ⬇️
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📢 Presidential Post Shocks Markets
On Monday, the X (Twitter) account of Paraguayan President Santiago Peña was hacked.
A fake announcement claimed:
✅ Bitcoin is now legal tender in Paraguay
✅ $5M BTC reserve established
✅ “Bond access” for crypto citizens
✅ A wallet address to “secure your stake”
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🚨 The Truth Emerges
🔻 Official sources quickly denied the claims
🔻 The tweet was deleted within minutes
🔻 The wallet shared had only $4 in it
😳 Classic social engineering scam
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📈 Market Still Reacts
Despite the hoax, Bitcoin spiked 4%, crossing $110,000
Fueling the rise:
🟠 Positive U.S.–China trade talks in London
🟠 Broader risk-on sentiment in global markets
🟠 Traders reacted to the headline, not the source
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🔁 Not the First Time
💥 In 2020, verified Twitter accounts of Joe Biden, Obama & others were hacked to push Bitcoin scams
💸 Victims lost over $100K
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📊 What’s Next for BTC?
Bitcoin is holding above $110K with strong momentum
Eyes now on:
🔹 Real-world adoption
🔹 Institutional inflows
🔹 Upcoming macro events
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🧠 Lesson:
In crypto, narratives move markets — even fake ones.
But only truth sustains the trend.
