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Stacks (STX), a fast-growing Bitcoin layer for smart contracts with more than $85 million in Total Value Locked (TVL), has registered notable gains in recent months. As Bitcoin (BTC) price aims for a new all-time high (ATH) against the US dollar, STX price has enjoyed significant bullish momentum.
Stacks (STX), a cryptocurrency facilitating smart contracts on the Bitcoin blockchain, has defied broader market turbulence to emerge as a standout performer. Over the past week, STX price skyrocketed over 60%, reaching a nine-day high of $2.15 and flirting with its all-time peak of $2.45.
Following the rounding bottom breakout, the bullish reversal in the STX price trend is crossing off multiple resistances with ease. As the uptrend approaches the $3 mark, the overall market recovery boasts the confidence of Stacks holders, projecting a potential uptrend continuation.
Stacks (STX) emerges as the top gainer among the leading 100 cryptocurrencies. The price surge comes as the global crypto market capitalization reaches 22-month highs.
At the time of writing, the value of the crypto economy has reached $1.93 trillion, with bitcoin alone accounting for $1 trillion of this total. Bitcoin and ethereum have experienced increases of 4.2% and 5.3%, respectively. Meanwhile, a few crypto assets have posted even more significant gains against the U.S. dollar. DYM surged by 16.
It's long gone up through a jaw-dropping 60% in just one month! Let's take a look at this STX price article in more detail.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the key $51,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,700 mark this morning.
Unprecedented Bitcoin ETF inflows have been driving a strong rally in the Bitcoin price and the broader crypto market. However, one altcoin that's particularly benefitted from the recent BTC uptrend has been Stacks (STX).
Following the dragging phase near the 50-day EMA, the Stacks buyers finally regain the bullish momentum as the market bounces back. With Bitcoin closer to $50K after a brief touch, the STX price displays a stretched bull run, picking up additional momentum.
Stacks (STX) has garnered significant attention in the cryptocurrency industry as it emerges as a leading altcoin contender. With an impressive performance surpassing all top 100 tokens, except for Dymension (DYM), Stacks has witnessed a remarkable surge in the past 24 hours, catapulting its value well above the $2 mark and inching closer to its all-time high (ATH) of $2.492.
Stacks Price: As the cryptocurrency market was reveling in the Bitcoin price surge to $50,000, the latest US CPI data release triggered an abrupt sell-off on Tuesday. According to the Bureau of Labor Statistics' latest release, the Consumer Price Index (CPI)—a gauge for the average price shift in goods and services purchased by households—advanced by
The cryptocurrency market has dropped to a correction, with most digital assets trading at lower prices than earlier this week. However, some possibly overbought cryptocurrencies have lagged and are yet to retrace, which could indicate a sell signal.
Both STX and ORDI have ties to Bitcoin, with STX being a layer two (L2) on the Bitcoin network and ORDI being the top BRC-20 token. This connection often leads to price movements in line with Bitcoin's performance.
5 Lesser-Known Altcoins To Buy as the cryptocurrency market gears up for a bullish phase in 2024. The crypto market is rising, and in the lead is Bitcoin price, which topped $50,000 for the first time since December 2021.
Stacks (STX), a platform built on top of Bitcoin for executing smart contracts, has observed a surge in trading activity, marking a notable 36% increase in its trading volume.
Bitcoin's strength has improved crypto sentiment, pulling altcoins like IMX, KAS, TIA and STX higher.
Stacks (STX), a Bitcoin layer for smart contracts has seen its trading volume jump by 36%, with its eyes set on the coveted $2 mark. Stacks Recent Performance In recent trading sessions, STX has emerged as a standout performer in the crypto space.
Cryptocurrencies bounced back this week as Bitcoin broke out above $44,000 on Wednesday. Its surge led to more upside for altcoins and hopes that the bull run will continue. Most Bitcoin bulls believe that the coin has more upside ahead the halving event in April this year.
Luganodes, a high-end blockchain infrastructure provider, is not only adding support for the Stacks Layer but will also be a Signer and day-one supporter of the upcoming Nakamoto upgrade, per the latest information shared with Finbold.
Ethereum changed the game, but Stacks might be up next.
The cryptocurrency industry continues to display constant fluctuation in its valuation, indicating an increased price action in the market. Further, the STX price has added over 10% within the past 24 hours, making it one of the top gainers of the day.
STX/USDT chart and technical analysis The price of STX/USDT has dropped for the last couple of weeks and lost almost 40% since then. However, recently the price broke the 1.50 key resistance level and created a strong support around the same price, which indicates the return of the bullish trend.
Crypto Price Prediction: On Wednesday, the crypto market witnessed some ease in selling pressure as the leading cryptocurrency Bitcoin attempts to regain its value above $40000. Therefore, a majority of major coins are trying to hold their ground's respective support maintaining the overall trend bullish.
With the overall market losing momentum and crashing below crucial levels of support, the altcoins are dropping all over. Amidst such bearish noise, the STX price trend finds a ray of bullish hope, with the buyers reclaiming the 50-day EMA.
