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Here’s how Twitter’s latest move can impact the crypto markets

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The cryptocurrency markets have been grappling with various challenges since the beginning of 2023. Intensified regulatory scrutiny coupled with declining prices painted a dim short-term outlook for the crypto sector.

Is your portfolio green? Check out the DogeCoin Profit Calculator

However, recent events could change the outlook of market participants going forward. According to data from the Nationwide Multistate Licensing System, social media platform X, formerly known as Twitter, has acquired the licensure needed to facilitate cryptocurrency payments and trading in the US, from the state of Rhode Island.

With this official endorsement, Twitter gains the authority to provide a range of services closely linked to virtual assets. This includes the capability for it to oversee, transfer, and enable the trading of digital assets for its vast user community.

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Twitter, with an impressive user base of approximately 450 million active individuals, is strategically positioned to integrate cryptocurrency payments. This potential integration has the capacity to reshape the landscape of everyday financial transactions using digital currencies, leveraging Twitter’s extensive user reach to foster adoption and innovation.

The integration of Twitter with cryptocurrencies could result in a spike in liquidity in the cryptocurrency markets and help improve the state of blue-chip cryptocurrencies.

This follows Grayscale’s victory on August 29 over the US Securities and Exchange Commission regarding the creation of a spot Bitcoin ETF.

With the Grayscale victory and the new Twitter development, Bitcoin could witness a massive uptick and may reach its prior $30,000 levels. In the last 24 hours, Bitcoin’s price has grown by 5.21%. At press time, it was trading at $27,398.06.

Ethereum has followed a similar trajectory and the price of the altcoin has also witnessed similar appreciation.

The number of ETH holders grew in tandem with BTC holders. The blue-chip cryptocurrencies BTC and ETH stand to gain the most out of these positive updates around the crypto markets.

Source: Santiment

However, it won’t be just these currencies that will gain from Elon Musk’s recent move. Dogecoin, the memecoin championed by the social media platform’s CEO, stands to gain the most out of this deal. As the news of X acquiring the license hit the social landscape, DOGE’s price also started to see green.

According to data provided by CoinMarketCap, DOGE’s price surged by 3.96% in the last 24 hours. If the implementation of cryptocurrency payments on X moves forward, it is very likely that Doge holders may benefit quite a bit.

LunarCrush’s data indicated that the social mentions for DOGE had grown by 93.35 over the last week. Other memecoins such as PEPE also observed a significant uptick on the social front.

However, SHIB failed to make a similar impact in this department and failed to attract much attention across social media platforms.

Source: Lunar Crush

Things looked different in terms of sentiment in the meme coin sector. SHIB and DOGE observed a high uptick in weighted sentiment, suggesting that the overall outlook of the crypto space towards these memecoins was positive. However, the same couldn’t be said about PEPE, which witnessed a decline.

Source: Santiment

Despite the recent price appreciation seen by DOGE, the move wasn’t significant enough to establish a bullish trend. No higher highs and higher lows were seen on the DOGE price chart at the time of writing.

Realistic or not, here’s DOGE’s market cap in BTC terms

Significant bullish sentiment would be required from the buyers to break past previous lower highs and surpass the $0.077 resistance levels.

Furthermore, the RSI and CMF were both relatively high for DOGE suggesting that the price momentum was still with the buyers and the money flow was favoring the bulls.

Source: Trading View

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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