Skip to the news
BetFury News
Tuesday 13 OctoberAdvertiseSources read

Crypto & Bitcoin

Why Stacks Price Is Rising: Bitcoin Staking Demand Is in Focus

Reported by Sahana Vibhute, Coinpedia

Image: Coinpedia

Stacks price is attempting to extend its recovery as Bitcoin staking attracts attention, but stronger network activity is needed to reinforce bullish momentum Holding above $0.40 could open the door toward $0.50, while a break below support may weaken the recovery and trigger brief selling pressure Ever since the Stacks (STX) price rebounded from the yearly lows to close at $0.11, it has maintained a strong upward trend. The price has surged by more than 220%, reaching $0.42, and has also broken above a crucial resistance zone at $0.40.

This is an excerpt. The reporting belongs to Coinpedia.

Read the full report on coinpedia.org
Pass it onXTelegramRedditWhatsApp