Stacks (STX) Sees 20% Drop, Profit-Taking Blamed
Stacks (STX) experienced a sharp 20% decline in the past week, largely due to profit-taking by investors who had seen substantial gains earlier in the month. STX, which enables smart contracts on the Bitcoin network, had surged nearly 60% before the recent downturn. The broader market slowdown and Bitcoinâs struggles to maintain momentum likely contributed to this drop. However, the long-term prospects for STX remain promising as the demand for Bitcoin-based smart contracts continues to grow
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