#MarketRebound

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.