STX Soars Another 23% as Rally Continues, BTC Bounces Off $23K (Market Watch)

Bitcoin dipped below $23,000 to mark a multi-week low but managed to bounce off rather quickly and has reclaimed that level.

Most altcoins sit quietly once again, aside from Stacks. STX has taken full advantage of the Ordinals hype and has soared to almost $1.Following the three unsuccessful attempts to decisively overcome $25,000 last week, bitcoin headed south and slipped to $24,000 at the end of it. Things took another turn for the worse on Friday when the US PCE data came out, suggesting a 0.6% increase since January.

Bitcoin reacted with an instant price drop to $23,000. It dipped further during the weekend to $22,800 , which became its lowest price tag since February 15.calm at around $23,000. The bulls finally stepped up hours ago by pushing BTC to over $22,600. Despite retracing by a few hundred dollars since then, the asset still stands well above $23,000, and its market cap has climbed above $450 billion.This is all you need not to miss any price action in the raging crypto markets.

Source: News Formal (newsformal.com)

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