- Stacks (STX) rose 14%, reaching levels seen in late March.
- Bitcoin (BTC) prices rose 3% to a high of $87,000.
- Crypto analysts say Stacks will see double jumps in the short term.
Prices for Stacks (STX) have risen more than 14% to reach its highest level since late March.
Meanwhile, Bitcoin (BTC) has raised cryptocurrency prices as it surpassed the $87,000 mark for the first time since early April.
The overall Crypto market rose 3% to $2.74 trillion, while Bitcoin prices rose about 4%.
If the strategy gets 6,556 BTC, the BTC gets 3%
The latest price surge for Bitcoin came when several global stock markets opened on Easter on Monday, and Gold broke new records.
The weakening of the dollar helped bring valuable metals to higher.
For BTC, which tanked alongside stocks, a $87,000 surge occurred as market activity jumped.
According to a recent press release, the strategy acquired 6,556 Bitcoins.
It brings the total holdings of the Michael Saylor-led company to an impressive 538,200 BTC.
The acquisition, reported on April 21, 2025, strengthened BTC’s strategic position as one of the world’s leading corporate owners and further promoted bullish sentiment in the market.
Metaplanet also announced that it has been added to the Bitcoin haul. This has led to an influx of institutional interest that has regained momentum in recent weeks, including demand for funds traded on the exchange.
Analysts suggest this and Bitcoin’s break to $87,000 could pave the way for further profits and test the potential $90,000 area.
The $10,000 psychological barrier is out of reach and is probably a short-term goal if purchasing pressure continues.
STX Price jumps 14% to lead the gainer
With Bitcoin rising to $87,000, Stacks (STX) led Altcoins to the biggest performer of 100 market capitalization.
STX prices skyrocketed over 14% in 24 hours amid Bitcoin rally.
According to CoinmarketCap data, STX currently trades mainly at the level seen in late March.
The technical setup suggests a strong bullish outlook for STX, as highlighted by Captain Faibik in the X.
Analysts say the Layer 2 platform’s native tokens could see double the rally in the coming days.
A classic bullish pattern, Falling Wedge Breakout, shows that STX has overcome a key resistance zone of $0.678 to $0.750, as shown on the chart.
Additionally, a post from the official Stacks X account on the same day highlights an increase in ecosystem activity that could contribute to a surge in prices.
Bitcoin ETFs have been a huge success and global adoption continues to increase.
There was no better time than building on Bitcoin. The stack is where it does. pic.twitter.com/scw7qtvsmj
– stacks.btc (@stacks) April 20, 2025
With Bitcoin’s upward trajectory providing a favorable market environment, STX rally could target higher levels.
Targets include $1.50 and $2. This is considered a major resistance level before the $3 retest.
The price of Post Stack (STX) jumps 14% as Bitcoin Tops $87K first appeared in Coinjournal.
