A price chart is accessible on Twitter by searching for terms such as “$Bitcoin,” “Bitcoin price,” and “BTC price.” Equivalent searches for Ethereum are also successful.
Twitter, a social media network, has introduced a new cryptocurrency feature that allows users to search for the price of cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) simply by putting the names of the cryptocurrencies or their tickers into the platform’s search bar.
The Twitter Business account made the announcement on December 21 regarding the new feature, which is an enhancement to the “$Cashtags” function.
People will be able to see a clickable link that takes them to search results that now will include the pricing graphs for those symbols whenever someone tweets the symbol of a major stock, exchange-traded fund, or cryptocurrency with $ in front of it, according to the account. This applies whenever the tweeter prefaces the symbol with $.
It was also mentioned that all one needs to do to bring up the price graph is conduct a search for the ticker symbol, whether for a stock or a cryptocurrency.
Elon Musk, the CEO of Twitter, retweeted the announcement of the new function on December 22, noting that it is “one of many product upgrades coming to financial Twitter.” Shortly after that, Musk tweeted that the tool would be available “soon.”
At the time this article was written, it appears that Bitcoin and Ethereum are the only two cryptocurrencies that have price charts. Other prominent cryptocurrencies, including the cryptocurrency that Musk adores the most, Dogecoin, did not make the criteria.
Twitter Business, on the other hand, stated that it anticipates expanding its coverage of symbols and improving user experience “in the coming weeks.”
According to research conducted by Cointelegraph, a variety of different versions of Bitcoin, such as “$Bitcoin,” “Bitcoin price,” and “BTC price,” also bring up the price chart. Corresponding searches also work for Ethereum.
On the 21st of December, technology blogger Jane Mastodon Wong pointed out to the 158,700 people who follow her on Twitter that the charts were obtained from the trading analysis platform TradingView.
There is also a link that says “View on Robinhood” that can be seen in the bottom left corner of the price charts. This leads one to believe that the retail trading platform has collaborated with Twitter to develop this integration.
Users are then taken to Robinhood’s price chart for ETH, which includes a supplementary link at the bottom that reads “Sign Up to Buy Ethereum.” Additionally, the aforementioned links are supplied for Bitcoin.
However, no specifics about the relationship between Twitter and Robinhood have been published as of yet.
According to data provided by BitInfoCharts, the hashtag “Bitcoin” is tweeted an average of 120,000 times every single day. The integration of price charts by Twitter might theoretically lead to an increase in the amount of visitors going to Robinhood.
Ethereum, on the other hand, maintains a value somewhere in the vicinity of 25,000.
At the beginning of this month, rumours started to spread that Twitter might launch its very own native cryptocurrency that would be referred to as “Twitter Coin” and would be utilised for making payments on the network. On December 4, around one week after Musk offered a glimpse into what “Twitter 2.0” may look like, including the potential integration of cryptocurrency-based payments on Twitter, the whispers began to circulate regarding the platform.
But it looks like Musk’s career at Twitter is at a crossroads after the controversial figure asked followers of Twitter whether he should “drop down as head of Twitter?” according to a survey that was conducted on Twitter on December 19—with 57.5% of the 17,502,391 people choosing “Yes.”
Musk then elaborated on his statement, saying, “I will resign as CEO as soon as I find someone crazy enough to take the job!”