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With the hostile market environment, Stacks (STX) has continued its downward spiral as bears mount the pressure. According to CoinGecko, the token is down nearly 23% since last week, worsened by the current correction phase the market has entered.
Stacks (STX) price is observing bearishness despite dropping by a little over 12% in four days.
Despite a general downturn in the cryptocurrency market, STX has shown resilience. Over the past 30 days, it has steadily increased in value, even as other altcoins faced significant losses.
Stacks' STX has defied market over the past month, recording a 16.7% price increase.
Stacks (STX) price has noted an impressive rise over the last couple of days but this could be coming to an end soon.
Bitcoin remains on target to reach $70,000, and if that happens, XRP, KAS, STX and JASMY could find buyers.
The top gainers over the past 24 hours include AAVE, ORDI, STX, and BRETT.
Bitcoin price has done well in the past 15 years and has more room to run in the next decades. It has soared from near zero to over $66,000, creating many millionaires and billionaires along the way. Other tokens like Stacks, Ethereum, Solana, and Avalanche have also done well.
This new partnership allows BitGo's users to earn Bitcoin rewards through “stacking.” In this process, holders of Stacks' native STX tokens can generate Bitcoin yield directly within their wallets.
TL;DR BitGo will provide support for the Bitcoin Layer 2 network Stacks and the new sBTC token standard, enriching BTC functionalities without compromising security. As a Signer on Stacks, it will allow users to expand their BTC holdings using sBTC, without the need to lend their assets, facilitating BTC rewards directly into their wallets.
Bitcoin as a productive asset: a new horizon for decentralized finance
As a Signer on Stacks, BitGo will enable the conversion between BTC and sBTC across Bitcoin's layer1 and layer2 networks.
BitGo, a digital asset financial services platform, now supports Stacks layer, as per the latest info disclosed to Finbold on July 18.
The integration comes due to growing institutional demand for Bitcoin, according to Stacks' ecosystem investor lead.
Hermetica, a Bitcoin-based decentralized finance (DeFi) protocol, has made a significant advancement by deploying its BTC-backed synthetic dollar, USDh, directly on Bitcoin's Layer 1 (L1) using the Runes protocol.
Stacks (STX) has been making impressive strides in the cryptocurrency market, inching closer to the $2 mark amid a significant rise in inflows. The altcoin's price has surged by 41% over the past week, reaching $1.86 and moving closer to breaking the critical $2.04 resistance level.
Stacks (STX) has garnered attention with a notable surge of 25.8% over the past three days, highlighting its potential amidst market fluctuations. As STX aims for a significant target of $1.8, traders and investors are navigating through critical support levels, technical indicators, and market dynamics.
The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Stacks, a Bitcoin scaling network, and Hiro Systems, its developer, without pursuing any enforcement actions.
The price of Stacks (STX) is making its way back up to where it was before the bearish cues took over the crypto market.
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer Hiro Systems.
The US Securities and Exchanges Commission (SEC) has dropped its investigation into Bitcoin layer 2 Stacks and builder Hiro.
Bitcoin's stability and historical performance has made it a foundational asset for any crypto portfolio. Yet, for those seeking some major gains, exploring altcoins is key. Bitcoin is striving to reclaim the $60,000 mark, and the market is eagerly anticipating the next surge, where altcoins are expected to take center stage.
The crypto community achieved another significant victory against the US Securities and Exchange Commission (SEC) as the regulator halted its investigations into Stacks, a prominent Bitcoin layer-2 network.
The SEC has backed down, but will this be the first case in a series of many?
