Stacks (STX) surges as bullish Bitcoin reclaims $97k

Bitcoin’s resurgence to $97k has sparked a wave of excitement across the crypto market, including Stacks (STX). The Bitcoin layer-2 solution, designed to bring smart contracts and decentralized apps to the Bitcoin ecosystem, has seen its price surge in tandem with BTC’s rally. At the time of writing, STX traded at around $0.85, with a market cap of $1.3 billion. The cryptocurrency’s price over the past 24 hours was up 12%, with gains for Bitcoin helping the altcoin higher. Stacks’ price has jumped 65% in the past month. Why did Stacks soar today? The recent price pump for STX can be attributed to a combination of Bitcoin’s bullish momentum and Stacks’ growing role in the Bitcoin DeFi ecosystem. Bitcoin’s renewed upward momentum has refocused investor attention on projects building atop its network, with Stacks emerging as a key beneficiary due to its sBTC integration. This is one of the reasons behind the STX price rallying. stacks.btc @Stacks · Follow narratives positioning stacks as the leading bitcoin layer– bitcoin defi – earn more yield / btc with your btc– institutional adoption – coinbase 50 index, grayscale trust, jump– scalable l2 network with 100% bitcoin finality– leading in developers 2:30 am · 3 May 2025 266 Reply Copy link Read 28 replies Another of the major catalysts is the recent partnership with Sui Network, announced on May 1, 2025. This integration brought sBTC, a 1:1 Bitcoin-backed asset, to Sui’s ecosystem, unlocking Bitcoin liquidity for DeFi use cases like lending and trading. Key growth metrics add to this outlook. In a recent post, Stacks noted: “By bitcoinlayers(.)org standards, with 3,000 sBTC, stacks is now the third bitcoin layer by btc supply — in just 3 months. With new sbtc caps on the horizon, stacks is on track to become the #1 bitcoin layer.” The move positions Stacks as a key gateway for Bitcoin’s $2 trillion market to flow into scalable layer-1 ecosystems like Sui, driving demand for STX. Additionally, the broader market sentiment, buoyed by events like Sui’s SuiBasecamp in Dubai, has spotlighted Stacks’ role in expanding Bitcoin’s utility, further boosting investor confidence. Stacks price prediction Stacks appears poised for continued growth, though much depends on Bitcoin’s trajectory and ecosystem adoption. If the upward trend persists, STX could target $1.3 and potentially retest highs near $2, in line with recent peaks and key resistance levels. However, heightened market volatility and Bitcoin’s price movements continue to pose significant risks to this outlook. If Bitcoin sustains its rally, a breakout to above $100k is likely to spark gains for STX. Notably, Stacks network’s growth as a BTC L2 and integrations like the one with Sui may see STX retest its all-time high above the $3 mark. The post Stacks (STX) surges as bullish Bitcoin reclaims $97k appeared first on Invezz

Source: Invezz