Forex News

Twitter Adds Bitcoin Price Quotes

Published by
Nonhlanhla P Dube
  • Twitter has added Bitcoin price quotes to its platform, provided by TradingView, but only for Bitcoin and not for other cryptocurrencies. The Bitcoin price chart includes a link to eToro for users to buy or sell Bitcoin, with a cautionary statement that “Your Capital Is At Risk.
  • Twitter has become a vital component of the retail investing community and aims to raise users’ awareness of the Bitcoin market by using “$Cashtags” and encouraging more user engagement.
  • The addition of Bitcoin price quotes on Twitter is expected to generate more interest in the cryptocurrency market among retail investors, but investors should always exercise caution and seek professional advice before investing in any financial product.

Twitter has added Bitcoin price quotes to its social media platform on or around the 18th of April, making it the latest platform to integrate cryptocurrency pricing data. The charting platform TradingView provides the Bitcoin price quotes, but only for Bitcoin and not for other major cryptocurrencies. The Bitcoin price chart includes a link that directs users to the Israeli cryptocurrency market, eToro, where users can buy or sell Bitcoin. However, a cautionary statement that reads “Your Capital Is At Risk” is shown beside the Bitcoin price chart.

Twitter has become a significant component of the retail investing community, and the inclusion of Bitcoin price quotes is expected to play a vital role in the dissemination of financial news and information. The use of “$Cashtags” aims to raise users’ awareness of the Bitcoin market on the platform and encourage more user engagement.

On April 17th, Elon Musk made a declaration that he would develop an artificial intelligence software called “TruthGPT” to combat what he perceives as left-wing bias in the media industry. It is anticipated that the AI software would seek the truth actively and promote impartial reporting.

While Twitter is the latest social platform to integrate Bitcoin price quotes, on April 10th, Douyin, the Chinese counterpart of TikTok, started providing Bitcoin price quotes to an estimated 730 million users in Mainland China. The quotes were taken down a day later and replaced with a statement that warned users that “unofficial digital currencies do not possess the same legal standing as fiat currencies.”

The inclusion of Bitcoin price quotes on Twitter is expected to create a buzz in the cryptocurrency market and attract more retail investors. However, investors should always exercise caution and seek professional advice before investing in any financial produc

Nonhlanhla P Dube

Nonhlanhla P Dube is a senior news reporter at Rateweb. Nonhlanhla is a student of International Relations at the University of South Africa. She reports primarily on personal finance and economics. You can contact her directly by email at nonhlanhla@rateweb.co.za

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Published by
Nonhlanhla P Dube

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