Stacks (STX) Rallies 12% Against Post-Hack Altcoin Selloff

STX Gains 12% to $0.315

Stacks (STX) price climbed about 12% over the past 24 hours to $0.315, the largest gain of any token in the top 100, and it came while most of the altcoin field traded lower after a hack against Binance stripped roughly $80 billion from the total crypto market cap. Readings at 12:10 UTC on Saturday put the token at $0.31 with an 11% gain; live monitoring now shows it near $0.315, essentially flat over the 2.6 hours since, with the advance intact into the afternoon. Turnover over the same window stood near $53.5 million, so the move traded with real volume behind it. The gain ran against the direction of everything around it. The crypto market cap sat at $2.6 trillion, about $80 billion below its pre-hack level, and bitcoin itself fell from roughly $81,000 to a six-week low at $76,400 within hours of the news breaking on Friday, before slipping again to $76,100. Binance, the world's largest crypto exchange, absorbed the attack that day. The selling reached across the board: TRX dropped almost 7%, RAIN lost 8% and HYPE slipped 4.5%. AAVE, a DeFi lending token, was the only other major cap with a comparable move, adding more than 6% to $133. Ethereum reclaimed $2,200 on Saturday and BNB held above $700 after a brief dip, but neither matched the pace of the Stacks (STX) rally. For context, STX's own market capitalization stands near $596 million, so a move of this size did not require the flows a large cap would need. Stacks settles to Bitcoin as a layer-2 network, and its token usually trades with high beta to the wider altcoin complex; on Saturday that beta pointed the other way.

The rally is running into firm overhead supply on our composite support and resistance scoring. The nearest resistance sits at $0.3308 and carries a score of 99 out of 100, a level built from the 20- and 50-day moving averages together with Fibonacci and Ichimoku references. The strongest support below is $0.2605, scored 89. Positioning does not yet confirm the move: the perpetual funding rate is negative at 0.0989%, meaning shorts pay longs to keep positions open, and open interest stands at $9.85 million. The token's trend reading is still a downtrend, so the 12% jump counts as a counter-trend advance that has yet to clear the $0.3308 ceiling; the fuller STX technical analysis tracks both levels.

Bitcoin's Slide From $81,000 to $76,100

Friday's shock capped a rough stretch for bitcoin. The asset was rejected at $85,000 ten days earlier, and the legs down that followed ended in a slump to $79,100, a five-week low at the time, on the prior Saturday. It recovered to $81,700 on Tuesday and held near $81,800 when the Federal Reserve's meeting closed without a rate hike, an outcome that was widely expected. Another leg under $80,000 came next, before a push to almost $82,000 on Thursday. The price was still near $81,000 when news of the Binance hack broke; the drop to $76,400 followed within hours, then a bounce to $78,400 that failed, then the second slide to $76,100. By midday Saturday the price had stabilized near $77,500, market capitalization had stalled at $1.550 trillion, and dominance over the altcoins stood just under 60%. Gainers in the top 100 were scarce beyond the names already noted: ZEC added 3% and LINK 4% over 24 hours, moves that look modest next to the double digits Stacks (STX) printed. Against that backdrop, the STX gain of about 12% near $0.315 stands as the session's clearest outperformance, and it arrives as prior a $0.4284 ceiling test coverage flagged a test of that level tied to November's bonding lockup. Attention on the Stacks network is not new either: founder Muneeb Ali has warned separately that Bitcoin faces a 2028 quantum deadline. The standing read stays simple. STX keeps its 12% advance for as long as the token holds near $0.315; a slide back toward $0.31, or a market-wide rebound that lifts every altcoin at once, would take the relative-strength signal out of the print.