Twitter has introduced a new crypto tool that allows users to view Bitcoin (BTC) and Ether (ETH) price indexes as searches for “$Bitcoin,” “Ethereum price” “$ETH ” and “BTC price” ‘pulls up a price chart.
The new feature, which is an enhancement over “$Cashtags,” was introduced on December 21 by the Twitter Business account.
The account said that consumers would be able to see a clickable link that brings them to search results that now contain the price graphs for those symbols anytime one tweet the symbol of a significant stock, exchange-traded fund, or cryptocurrency with $ in front of it.
It also said that you may see the price graph by just 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.”
At the time of writing, it seems that BTC and ETH are the only two cryptocurrencies having price charts. Musk’s preferred Dogecoin and other well-known cryptocurrency did not make the criteria.
However, Twitter Business said that it anticipates improving user experience and extending its coverage of symbols “in the coming weeks.”
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 writer Jane Mastodon Wong informed her 158,700 Twitter followers that TradingView, a tool for trading research, was the source of the charts.
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 include cryptocurrency-based payments on Twitter.
