Bitcoin's price remained relatively stable, near $16,750 on December 22. The BTC/USD pair began trading at $16,845 and reached a high of $16,873 and a low of $16,800 on Thursday. The BTC/USD trades sideways due to low trading volume and volatility.
The Twitter Business account released a new feature on December 21, an enhancement above "$Cashtags." The social networking site Twitter has unveiled a new cryptocurrency feature that allows users to seek up the price of Bitcoin (BTC) and Ether (ETH) by putting their names or tickers into the search box.
$Cashtags, now with data 📈
— Twitter Business (@TwitterBusiness) December 21, 2022
👀 $SPY 👇 pic.twitter.com/XgOK6gf02E
The account stated that whenever 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. It also said that all you had to do to see the price graph was type in the ticker symbol for the stock or cryptocurrency you were interested in.
Elon Musk, Twitter's CEO, quickly revealed the new function, stating it was "one of many product upgrades coming to financial Twitter."
When writing, BTC and ETH were the only cryptocurrencies with price charts. Twitter Business, on the other side, expects to enhance user experience and extend symbol coverage "in the next weeks."
Following Elon Musk's purchase of Twitter, the site made several crypto-friendly improvements. The corporation aims to go much further in this direction. These initiatives may help the cryptocurrency market and the BTC/USD exchange rate.
SBF in FBI Custody as FTX Co-founder and Alameda CEO Pleads Guilty to Fraud
A US court revealed on December 21 that FTX co-founder Gary Wang and Caroline Elison, former CEO of sister business Alameda Research, pled guilty to fraud charges and are working with authorities in their probe of the crypto exchange's spectacular fall from grace.
Damian Williams, US Attorney for the Southern District of New York (SDNY), announced the latest development in the FTX scandal in a statement on Wednesday night.
Former FTX CEO Sam Bankman-Fried, he claimed, was in the Federal Bureau of Investigation's (FBI) custody. Furthermore, after being deported from the Bahamas, he returned to the United States. The accusations against the two have been announced by the Justice Department, SEC, and CFTC, as SBF travels to the United States to respond to the allegations.
Attorneys for the Southern District of New York stated that charges had been filed against the pair to gain cooperation in their investigation into FTX's demise. However, the SEC has now indicated that it will charge the two for misleading FTX stock investors. The bankruptcy of FTX was the latest in a string of notable bankruptcies in the cryptocurrency industry this year.
Concerns about contagion caused significant losses in BTC/USD and other cryptocurrencies over the last month. As a result, any news about the problematic exchange could impact the broader crypto sector.
Bitcoin Price
Bitcoin's current price is $16,643, and the 24-hour trading volume is $15 billion. The BTC/USD pair has lost nearly 1% in the last 24 hours. Bitcoin's price has recovered to the $16,700 trading range after falling to the $16,300 level. For the time being, 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 RSI indicates that the market is oversold, while the MACD indicates that there may be upward momentum. These conflicting signals may make it difficult to predict the direction of the market trend.
Finally, the closure of candles below the 50-day simple moving average suggests that the downturn may continue.
Cryptocurrencies have been trading sideways for several weeks, prompting some traders to consider alternatives with more significant short-term potential. The following are some of the market's leading presales, allowing investors to get in on the ground floor.
FightOut (FGHT) – Presale Launches
FightOut, a brand-new move-to-earn (M2E) fitness app and gym chain aiming to bring the fitness lifestyle to web3, has launched its presale, and investors think the initiative has the ability to alter the current web3 M2E environment.
Existing M2E systems, such as STEPN, track steps and need costly non-fungible token (NFT) buy-ins. FightOut, on the other hand, takes a more holistic approach to tracking and rewarding its users for their exercise and activity and does not necessitate costly buy-ins.
FGHT tokens from FightOut are now going at 60.06 USDT for 1 USDT. Interested investors are advised to act soon to secure their tokens since the presale raised more than $2.7 million in just a few days. The FGHT coin will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T) – Presale Enters Final Stage
Dash 2 Trade is a potential crypto trading platform business for anyone wishing to invest. The up-and-coming analytics and social trading platform hope to take the crypto trading sector by storm with its unique features. The features include trading signals, social sentiment, on-chain indicators, a presale token scoring system, a token listing alert system, and a strategy back-testing tool.
Dash 2 Trade's ecosystem will be powered by the D2T token, which users must purchase and keep to use the platform's features. Dash 2 Trade is currently holding a token presale at heavily discounted prices, with sales recently exceeding $10.26 million.
The presale dashboard will be available soon, as the development team is currently ahead of schedule. Tokens are currently being sold for $0.0533 per token and will be listed on multiple centralized exchanges within the next month.
Calvaria (RIA) – Final Presale Stage Now
Major blockchain-based games like Axie Infinity will lose considerable traction by 2022. As a result, many bitcoin gaming investors are seeking alternative possibilities. Calvaria, a new play-to-earn combat card crypto game, is a possibility.
Calvaria's goal is to encourage crypto acceptance by creating a bridge between the real world and cryptocurrency in the form of an entertaining and easy-to-use crypto game. Investors should consider Calvaria's RIA token presale.
Calvaria has already raised $2.51 million, with a cryptocurrency whale investing $97.5K earlier this month. The presale is concluding, with only 18% of tokens available.
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