The cryptocurrency Stacks (STX) has recently experienced a remarkable turnaround, with its price bouncing back after reaching a multi-month low of $0.4412. Investors have seized the opportunity to “buy the dip,” resulting in a continuous upward trend for STX over the past few days. As a result, STX is now trading at $0.7916, marking a significant 29% increase from its lowest level this month. Potential Catalysts For STX Two primary reasons drive the surge in Stacks’ price. Firstly, the decision by Blackrock to file for a Bitcoin exchange-traded fund (ETF) with the US Securities and Exchange Commission has sparked positive sentiment. However, uncertainties remain regarding the acceptance of the iShares Bitcoin Trust, as Coinbase is slated to serve as the custodian of the coins. Furthermore, the ongoing conflict between Coinbase and the SEC adds to the regulatory uncertainty surrounding the situation. Related Readings: Bitcoin Just Gained Over 18% In Seven Days: What’s Happened When This Has Occurred In The Past? Furthermore, the SEC’s lawsuit against major exchanges Binance and Coinbase is expected to benefit Bitcoin, as both regulatory ..
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