RATE Group | Yahoo Finance and Investing.com post a news article claiming Bitcoin was 50% down in pas…
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Yahoo Finance and Investing.com post a news article claiming Bitcoin was 50% down in pas…

06 Feb Yahoo Finance and Investing.com post a news article claiming Bitcoin was 50% down in pas…

Posted at 15:35h in Bitcoin News by

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Earlier this week, Yahoo Finance and Investing.com both posted and shared an article that falsely claimed Bitcoin’s price plunged almost 56 percent in a single day. The article has most likely been written by a bot in a bit to drive ad revenue to the website due to the popularity of the topic.

Well-known financial news outlets publish fake Bitcoin article

While the crypto industry never lacks outrageous predictions and untrustworthy sources, the article that surfaced earlier this week put all previous clickbait titles to shame. On Feb. 4, Yahoo Finance and Investing.com, both well-known and trusted financial media outlets, published an article that claimed Bitcoin lost more than half of its value in a single day.

The article, titled “Bitcoin Plunges 56% in Rout,” quickly began making rounds in the crypto space on Twitter and Reddit, much to the disbelief of the community. The outrage with which the articles were met didn’t last long, though—both were quickly removed from the…

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