
Stacks (STX) is a cryptocurrency project built around a single compelling idea: bringing apps and smart contracts to Bitcoin. Rather than replacing Bitcoin, Stacks extends it — giving developers the tools to build decentralized applications that tap into Bitcoin's security and reputation while running their own application logic onchain. These apps are governed by code, not companies, and remain open to anyone. This approach carves out a distinct niche. Where many projects compete with Bitcoin, Stacks treats it as a foundation to build on. Developers gain smart contract functionality; users get applications designed to be more transparent and far harder for any single operator to control. The result is a layer of programmability wrapped around the most established blockchain in crypto. Of course, the trade-off is real. STX's value is tightly linked to whether the Stacks ecosystem attracts developers who ship useful apps — and whether users choose those apps over simpler, centralized alternatives. Growth here depends not just on Bitcoin's broader market narrative but on the strength of what gets built on Stacks itself.
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Stacks is a crypto project that brings apps and smart contracts to Bitcoin. STX is tied directly to that mission, so its long-term value hinges on whether the Stacks app ecosystem actually grows and attracts users.
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from November 12, 2026
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Rating
Confidence
Stacks (STX) is changing hands at $0.28873, down 8.6% over the past 24 hours, 16.3% over seven days, and 29.6% over the last month — a stretch that leaves the overall picture looking strained. The Fear & Greed Index sits at 28 ('Fear'), unchanged from a week ago, pointing to persistent caution rather than any rebound in confidence. Rising interest rates, climbing inflation, and a strengthening US dollar are all adding pressure to risk-sensitive assets like crypto. On the ecosystem side, recent Stacks headlines include some genuinely constructive news: a post-quantum sBTC transfer, a leading spot among Bitcoin layers by reported Q3 DeFi TVL, and strong demand for Stacks Bond 3. Still, news sentiment reads as neutral, and it hasn't been enough to offset the price slide. Total value locked (TVL) — the capital locked or backed within the protocol — stands at $208.4 million, which confirms real capital sitting in the ecosystem, though it doesn't prove usage is actually growing. For now, this coin analysis finds that visible ecosystem progress is being overshadowed by weak price momentum and a tough broader market. Token-unlock data wasn't available for this review.
Four recent Stacks headlines were classified as neutral, landing the overall news sentiment score at 0. Stacks Labs reported the first post-quantum sBTC mainnet transfer — a Bitcoin-backed asset moved using technology built to resist future quantum-computing attacks. Separately, a report found Stacks led all Bitcoin layers in Q3 DeFi TVL with $88.9 million. Two more headlines confirmed that Stacks Bond 3 was fully subscribed, with participants including Bullish and 21shares, reaching 1,005 BTC — more than the first two bonds combined. All told, this shows real technical and ecosystem momentum, yet STX still dropped sharply, suggesting the news flow hasn't been able to cut through broader market caution.
STX has declined 8.6% over 24 hours, 16.3% over the past week, and 29.6% over the past month. Losses stacking up across all three windows point to sustained weakness rather than a one-off rough day. Trading volume came in at $11.7 million over 24 hours, showing the market stayed active throughout the decline, though it's not possible to say how broad or concentrated that trading activity was. At $0.28873, STX now sits roughly 92.5% below its all-time high of $3.86, set back in April 2024 — a reminder of just how deep this drawdown runs.
The Fear & Greed Index is holding at 28 ('Fear'), starting and ending the past week at the same reading — a sign of entrenched risk aversion, though the historical dataset isn't deep enough yet to draw a solid 90-day comparison. The Federal Funds Rate has ticked up from 3.75% to 3.88%, while annual inflation rose from 4.02% to 4.08%, keeping financial conditions on the restrictive side. The US Dollar Index also climbed, from 121.51 to 121.88, compounding the headwinds facing risk-sensitive assets. Circulating supply among the top tracked stablecoins stands at $255.4 billion, down 1.7% over seven days and 4.6% over 30 days — a useful liquidity snapshot within a fixed universe of assets, though not a full market total, and not a direct signal for where STX is headed. Current Stacks headlines center on technology, ecosystem capital, and financing rather than regulatory news, so this coin market analysis found no coin-specific regulatory catalyst at play.
This coin analysis points to a predominantly strained setup: STX is declining across daily, weekly, and monthly timeframes while market sentiment stays fearful. Technical milestones and ecosystem capital offer some support, but haven't been enough to outweigh the broader unfavorable market and macro backdrop.
STX is under broad pressure alongside a Fear & Greed reading of 28, rising interest rates, higher inflation, and a stronger US dollar. Stacks-specific headlines are constructive in substance, but their measured sentiment reads neutral, and the price has kept weakening regardless.
On the strength side: the post-quantum sBTC transfer, $208.4 million in tracked locked or backed capital, and strong participation in Stacks Bond 3. On the risk side: a 29.6% monthly decline, persistent market fear, restrictive economic conditions, and a price sitting roughly 92.5% below its all-time high.
Market sentiment as a contrarian reality check for this analysis.
Historically extreme bearish sentiment
The market is deeply nervous. Looking back, these phases for BTC often coincided with local bottoms as long as fundamentals held up.
Historical BTC performance
When the index sat between 20 and 39, BTC historically moved an average of +8.0% after 30 days and +22.0% after 90 days.
Current
20
out of 100
Extreme Fear
Stacks (STX) is changing hands at $0.35345, putting its market capitalization at roughly $664.6 million. The token has clawed back 9.04% in the past 24 hours and 15.89% over the past week — a solid short-term bounce — but it's still down 9.72% over the last 30 days, so this recovery hasn't yet erased the broader monthly slide. The bigger concern right now is sentiment: the Fear & Greed Index sits at 34 (Fear territory), down 17 points from 51 just a week ago. Add in rising interest rates and inflation, and you get a genuinely fragile backdrop. On the positive side, BitGo's launch of Bitcoin staking through Stacks gives the network a real institutional use case, and $208.4 million in tracked locked or backed capital shows there's a measurable ecosystem behind the token. Taken together, this is a mixed setup: short-term momentum is improving, but fear-driven sentiment, tough macro conditions, and an unresolved longer-term downtrend keep things on shaky ground.
Stacks is changing hands at $0.304477 after an 8.4% jump in the past 24 hours — but that bounce sits inside a weaker bigger picture: STX is still down 3.5% over seven days and 22.8% over the past month. Market capitalization (current price multiplied by circulating supply) comes in at $572.1 million, while total value locked (TVL, the capital deposited or backed within the ecosystem) stands at $208.4 million. The Fear & Greed Index has slid to 30 (Fear), down 24 points from 54 just a week ago — a sharp swing toward caution that overshadows the one-day rebound. Add rising U.S. interest rates and inflation into the mix, and the medium-term picture stays under pressure. For anyone tracking this coin analysis, the takeaway is that the short-term recovery hasn't come close to repairing the monthly slide or the broader shift in sentiment.
Stacks is changing hands at $0.327854 after a rough stretch — down 13.65% in the past 24 hours and 18.22% over the last seven days. Zoom out to 30 days, though, and the decline is just 2.99%, which tells you most of the damage happened recently, following what had actually been a stronger earlier period. The news flow itself is fairly neutral in tone but operationally encouraging: Stacks just posted its best quarter yet, roughly 735 BTC has been committed to Bitcoin Staking, and the team has Q4 plans lined up for BTC bonding and the Epoch 4.1 upgrade. On the numbers side, Stacks holds $208 million in tracked locked or backed capital against a market capitalization (current price multiplied by circulating supply) of $615 million. Meanwhile, the Fear & Greed Index — a widely-watched gauge of overall crypto market mood — sits at 68, in "Greed" territory, up from 63 a week ago. That points to healthier risk appetite across the market, but it also means more room for a sudden mood swing. Put together, you've got genuine ecosystem progress and an upbeat broader market colliding with sharp short-term weakness, tighter interest rates, and higher inflation — a mixed picture with no clear direction over the coming weeks to months.
Stacks (STX) is changing hands at $0.341281 after a rough 24 hours that saw it drop 7.72%, part of a steeper 19.15% slide over the past week. Zoom out to 30 days, though, and STX is still up 7.16% — a reminder that this looks more like a sharp pullback after a strong run than a sustained breakdown. Project news skews neutral but isn't without substance: Stacks reportedly closed out a strong quarter, has roughly 735 BTC bonded through its Bitcoin Staking program, and has Q4 plans in place for expanded BTC bonding and the Epoch 4.1 upgrade. Meanwhile, the Fear & Greed Index — a widely-used gauge of overall crypto sentiment — sits at 55 (Neutral), down from 62 a week ago, suggesting that market-wide confidence is cooling and tempering the positive signals coming out of the project itself. For anyone doing coin analysis on STX right now, the setup is genuinely mixed: visible ecosystem progress and $208.4 million in locked or backed capital sit alongside weak short-term price action, a tougher macro backdrop of rising rates and inflation, and a project-specific deadline tied to the aeUSDC transition.
Stacks (STX) is changing hands at $0.383528 — up a striking 57.9% over the past 30 days, yet down 2.9% on the week and 9.2% in the last 24 hours. In short: a powerful monthly rebound has just hit a sharp speed bump. The Fear & Greed Index sits at 55 (Neutral), slipping from 61 a week ago, signaling that market enthusiasm is cooling rather than building. News flow is largely neutral: roughly 735 BTC now bonded in Bitcoin Staking is a solid ecosystem signal, while Zest's aeUSDC exit deadline is more of an operational footnote with no clear price implications. Meanwhile, rising interest rates, climbing inflation, and a stronger US dollar are creating headwinds for risk-sensitive assets like STX. Taken together, this is a genuinely mixed setup — encouraging ecosystem activity and monthly gains on one side, fading sentiment and tighter macro conditions on the other — which keeps the near-term outlook uncertain.
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$0.289777
24h
-0.86%
7d
-13.39%
30d
-30.91%
Max supply isn't known.