Stacks Network’s STX Token Jumps 50% While Bitcoin Struggles Amid Seesawing Fed Rate-Hike Bets

Posted on by American Coins & Gold

Stacks Network’s STX Token Jumps 50% While Bitcoin Struggles Amid Seesawing Fed Rate-Hike Bets
STX, the native token of the Stacks Network dedicated to unleashing bitcoin’s potential as a programmable base layer, is rallying despite lackluster action in the world’s largest cryptocurrency.Binance data tracked by TradingView shows STX has increased over 50% to $3.30 this week, with the price surging 25% in the past 24 hours.While the reason for the spike is not apparent, some in the investor community cite bitcoin evangelist Jack Dorsey’s decision to step down as the CEO of Twitter as the catalyst for the move. Dorsey remains the CEO of the payments company Square.Jack Dorsey stepped down as CEO of…