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Zenger
Zenger
Mehab Qureshi

Bitcoin, Ethereum, Dogecoin Take A Hit, Decline, After Fake BlackRock XRP Trust Filing News: Analyst Predicts $50K As Next Big Target For Apex Crypto

BlackRock Crypto Bitcoin XRP Eric Balchunas Jakub Porzycki
The cryptocurrency market saw a sharp decline on Monday, with major cryptocurrencies experiencing a notable downturn in the late afternoon hours JAKUB PORZYCKI/GETTY IMAGES

The cryptocurrency market saw a sharp decline on Monday, with major cryptocurrencies experiencing a notable downturn in the late afternoon hours. The market’s volatility was exacerbated following the discovery that the corporate registration purportedly filed for the iShares XRP Trust was, in fact, a hoax.

What Happened: XRP’s (CRYPTO: XRP) value surged by 10% following the circulation of what appeared to be an official Delaware corporation registry document for the iShares XRP Trust. This document bore a resemblance to authentic filings previously made by BlackRock Inc (NASDAQ:BLK) for bitcoin and ether exchange-traded funds (ETFs).

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