Similar searches for Ethereum also return a price chart when using the hashtags “$Bitcoin,” “Bitcoin price,” and “BTC price” on Twitter.
Twitter, a social networking site, has introduced a new cryptocurrency tool that enables users to look up the price of Bitcoin (BTC) and Ether (ETH) by just putting their names or tickers into the search bar.
The new feature, which is an enhancement over “$Cashtags,” was introduced on December 21 by the Twitter Business account.
The account stated that consumers would be able to see a clickable link that brings them to search results that now contain the pricing graphs for those symbols anytime one tweets the symbol of a significant stock, exchange-traded fund, or cryptocurrency with $ in front of it.
It also mentioned that you may see the price graph by simply typing in the ticker symbol, whether it be for a stock or cryptocurrency.
Elon Musk, the CEO of Twitter, posted the news of the new feature shortly after it was announced, noting that it was “one of many product upgrades coming to financial Twitter.”
One of many product improvements coming to financial Twitter!— Elon Musk (@elonmusk) December 22, 2022
Nice work by Twitter team. https://t.co/CKLH8OtDDW
The only two cryptocurrencies that appear to have price charts at the time of writing are BTC and ETH. Musk’s preferred Dogecoin and other well-known cryptocurrencies did not make the criteria.
In addition to displaying the price chart, Cointelegraph discovered that a variety of permutations of Bitcoin, including “$Bitcoin,” “Bitcoin price,” and “BTC price,” also function for Ethereum.
On December 21, tech blogger Jane Mastodon Wong informed her 158,700 Twitter followers that TradingView, a tool for trading research, was the source of the charts.
The chart is actually an image, sourced from @tradingview with URLs like:https://t.co/opD10sWnLY https://t.co/hUBbP9hpMe— Jane Manchun Wong (@wongmjane) December 21, 2022
The lower left-hand corner of the price charts also contains a link that says “View on Robinhood,” indicating that the retail trading platform and Twitter have collaborated on this integration.
Users are then sent to the ETH price chart on Robinhood, which includes a link that reads “Sign Up to Buy Ethereum” underneath it. For Bitcoin, the same links are offered as well.
Details of the cooperation between Twitter and Robinhood, however, have not been made public.
Given that #Bitcoin is tweeted around 120,000 times each day, according to statistics from BitInfoCharts, it is arguable that Twitter’s price chart integration will increase traffic to Robinhood.
On the other side, the price of #Ethereum fluctuates around the 25,000 mark.
Rumors that Twitter would develop its own native cryptocurrency called “Twitter Coin” to be used for platform payments started circulating earlier this month. The reports started on December 4, roughly a week after Musk gave a preview of “Twitter 2.0,” which may incorporate cryptocurrency-based payments on Twitter.
Musk, though, looks to be at a crossroads with Twitter after the divisive figure asked followers if he should “step down as head of Twitter?” 57.5 out of the 17,502,391 participants in a Dec. 19 poll responded “Yes.”
Later, Musk declared, “I’ll step down as CEO as soon as I discover someone naive enough to assume the helm!”