• A new search feature on Twitter that allows users to look up the price of Bitcoin (BTC) and Ether (ETH) by typing in the ticker symbols has been released.
• The US court has announced that FTX co-founder Gary Wang and Caroline Elison, the former CEO of sister company Alameda Research, have pled guilty to fraud charges and are cooperating with authorities.
• Dash 2 Trade, FightOut, and Calvaria are some of the leading presales that investors should consider for short-term gains.
Bitcoin prices remained relatively stable near $16,750 on December 22, as the BTC/USD pair began trading at $16,845 and reached a high of $16,873 and a low of $16,800 on Thursday. The low trading volume and volatility has caused the BTC/USD to trade sideways.
On December 21, the Twitter Business account added a new feature that is an improvement over “$Cashtags”. Users can now look up the price of Bitcoin (BTC) and Ether (ETH) by typing their names or tickers into the search bar. When 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. Elon Musk, Twitter’s CEO, announced the new feature shortly after it was announced. 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”.
The US court announced on December 21 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 with authorities in their investigation of the crypto exchange’s dramatic fall from grace. Former FTX CEO Sam Bankman-Fried was reportedly in the Federal Bureau of Investigation’s (FBI) custody and returned to the United States after being deported from the Bahamas. This news caused significant losses in BTC/USD and other cryptocurrencies over the last month due to concerns about contagion.
With Bitcoin trading sideways for several weeks, some traders are looking for alternatives with greater short-term potential. Dash 2 Trade, FightOut, and Calvaria are some of the market’s leading presales. FightOut is a brand-new move-to-earn (M2E) fitness app and gym chain that aims to bring the fitness lifestyle to web3. Its FGHT tokens are currently selling for 60.06 USDT per 1 USDT. Dash 2 Trade is a crypto trading platform startup with unique features that include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and a strategy back-testing tool. Its D2T tokens are currently being sold for $0.0533 per token and will be listed on multiple centralized exchanges within the next month. Finally, Calvaria is a play-to-earn battle card crypto game that aims to increase crypto adoption by building a bridge between the real world and crypto. Its RIA tokens are currently being sold at heavily discounted prices, with sales recently exceeding $10.26 million.
Overall, Bitcoin’s price has recovered to the $16,700 trading range after falling to the $16,300 level. Bitcoin’s immediate resistance level is above $16,800, and any closing prices below this level may indicate a bearish trend. Bitcoin’s immediate support level is $16,250 or $16,100; a bearish break of this level could expose BTC to $15,650. According to the MACD and RSI indicators, there is currently a mixed bias in the market. The closure of candles below the 50-day simple moving average suggests that the downturn may continue. For those looking for alternatives with greater short-term potential, Dash 2 Trade, FightOut, and Calvaria are some of the market’s leading presales that investors should consider.