On February 14, the X Head of Product, Nikita Bier, shared an optimistic announcement for the crypto industry, amidst a bullish market. X's support for crypto can improve conditions for a potential new altseason this spring.
Today, the crypto market shows clear signs of an upward reversal, and it's up by almost 5% in the past 24 hours, with a market cap of $2.4 trillion.
Upcoming pro-crypto features on X
Bier revealed in a post on the platform that X will launch new features, including Smart Cashtags, that will enable users to trade stocks and crypto directly on their timeline.
He also highlighted that X API policies will be updated to block apps that create fee pools for non-consenting users, referencing new forms of spam that continue to be created on the platform.
Bier said that he wants crypto to proliferate on X, and he considers that apps that create incentives to spam, raid, and harass random users are not the way.
The announcements came as a response to an X user who referenced a Lex Friedman interview with OpenClaw creator, Peter Steigenberger.
The AI platform creator claimed to be losing $10,000-$20,000 monthly maintaining OpenClaw, while, at the same time, disliking the crypto movement from trying to tokenize his projects and being "spammy."
Altseason index status
For now, the altcoin season index points at 35, according to Bitget data, indicating that the crypto market is not yet in an altseason, but optimism remains present.
At the moment, we're still in the Bitcoin season.
The crypto market shows bullish moves today, and, at the moment of writing this article, Bitcoin is trading above $69,000, after reaching prices over $70,000 earlier. BTC is up by more than 3% in the past 24 hours.
Potential new altseason this spring
However, Ethereum is a better performer compared to BTC today, trading above $2,060, up by more than 5% in the past 24 hours.
Pro-crypto features on X could definitely lead to more capital flows via the platform, supporting both traditional and crypto markets.
We might even see a new altseason, which the industry has been expecting since 2025, if ETH performance remains strong, liquidity conditions improve, and institutional/retail interest in crypto grows.
Crypto trading on X would open the doors to retailers, boosting trading volumes and creating fresh demand for altcoins, supporting adoption.
