• Stacks (STX) surged to above $1 for the first time since April of last year.
• Bitcoin (BTC) attempted to take down $25,000 but was unsuccessful and dropped as low as $22,800 over the weekend.
• BTC pumped to $23,800 on Monday and then initiated another leg up hours ago, hitting a high of $24,000.
Stacks Marks 10-Month Highs Above $1
Stacks (STX) have been climbing steadily with yet another double-digit surge that drove it to above $1 for the first time since April of last year.
Bitcoin Eyes $24K Again
Bitcoin (BTC) attempted to take down $25,000 but was unsuccessful and dropped as low as $22,800 over the weekend. However, bitcoin began to recover some ground at the start of the working week and pumped to $23,800 on Monday. Despite being stopped there and driven back down to $23,000 hours later, the cryptocurrency initiated another leg up hours ago which saw BTC skyrocket by around $1,000 and touch a high of $24K again.
Most Altcoins Turn Green
Most altcoins have also turned green today due in part to STX’s impressive gains in value.
US PCE Data Affects BTC Performance
The US Personal Consumption Expenditure data released on Friday affected bitcoin’s performance negatively which resulted in an 11-day low at under 22,800 during the weekend.
In conclusion, Stacks achieved an impressive milestone by marking 10-month highs above 1 Dollar while Bitcoin continues its rollercoaster ride between 23k – 24k USD range. Despite being affected by US PCE data last week which pushed it south hard; bitcoin has managed to recover some ground this week leading it back up towards 24K USD level once again