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X product chief floats idea of building “something” to address crypto slump

X product chief floats idea of building “something” to address crypto slump

Bitcoin climbed back to $74,000 on Monday to blunt its year-to-date losses. But even with the rebound, the token sits roughly 15% lower for the year as the crypto market struggles to recapture the upside momentum seen earlier this spring.

X’s product head Nikita Bier said the platform might “launch something to fix it.”

X Money to open early public access this month

It’s unclear what “something” refers to, as Bier did not provide any further details. There is speculation that it may be tied to X Money, a payments service integrated into X to support peer-to-peer transfers, digital…

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