![]() It has found a strong support at $0.4176, the lowest level since last week. The daily chart shows that the STX crypto price has been moving sideways in the past few days. It jumped by more than 28% in the past 22% to over $28.3 million. Also, Stacks open interest in the futures market rose. Data by CoinGlass showed that shorts liquidations rose to $60k, the highest level since September 5th. The Stacks comeback led to an increase in shorts liquidations. Therefore, the Fed will likely decide to pause and assess the state of the economy. This strike has seen workers in the biggest car plants in the US down their tools and analysts expect that the strike could go on for a while. The US is also going through a major strike, which was called by the United Auto Workers (UAW). At the same time, retail sales were strong even as inflation and interest rates rose. The most recent data showed that the country’s inflation rose from 3.2% in July to 3.7% in August. The Fed decision comes at a difficult time for the American economy. Most analysts expect the Fed to leave interest rates unchanged at 0.25%. A likely reason is that investors are waiting for the upcoming Federal Reserve interest rates decision scheduled for Wednesday. It is unclear why cryptocurrencies are rising. This was a major recovery since Bitcoin crashed below $25,000 on Monday last week. Therefore, this price action was mostly because of the performance of Bitcoin, which flipped the important resistance at $27,000 on Monday. There was no Stacks-specific news that helped to push its token price higher. It has risen by more than 13% from the lowest level this year. The STX token rose to a high of $0.5023, the highest level since August 31st. ![]() Stacks price jumped by more than six percent on Monday as cryptocurrency recovery continued. The coin jumped after Bitcoin soared above $27,000. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.Stacks crypto price has jumped by over 11% from its lowest level last week. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Risk Disclaimers This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only.
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