Bitcoin's price remained relatively stable, near $16,750 on December 22. The BTC/USD pair began trading at $16,845 and reached a high of $16,873 and a low of $16,800 on Thursday. The BTC/USD trades sideways due to low trading volume and volatility.
On December 21, the Twitter Business account added a new feature that is an improvement over "$Cashtags." Twitter, the social networking site, has launched a new cryptocurrency tool that allows users to look up the price of Bitcoin (BTC) and Ether (ETH) by simply typing their names or tickers into the search bar.
The account stated that whenever a user tweets the symbol of a significant stock, exchange-traded fund, or cryptocurrency with $ in front of it, they will see a hyperlink that takes them to search results that now contain pricing graphs for those symbols. It also said that all you had to do to see the price graph was type in the ticker symbol for the stock or cryptocurrency you were interested in.
Elon Musk, Twitter's CEO, announced the new feature shortly after it was announced, noting that it was "one of many product improvements coming to financial Twitter."
At the time of writing, the only cryptocurrencies with price charts are BTC and ETH. On the other hand, Twitter Business anticipates improving the user experience and expanding symbol coverage "in the coming weeks."
Following Elon Musk's acquisition of Twitter, the site made several crypto-friendly moves. The company intends to take these steps even further. These measures may benefit the cryptocurrency market and BTC/USD.
On December 21, a US court announced that FTX co-founder Gary Wang and Caroline Elison, the former CEO of sister company Alameda Research, pled guilty to fraud charges and are cooperating withRead more on cryptonews.com