{"id":23186,"date":"2023-08-30T19:13:52","date_gmt":"2023-08-30T19:13:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/stacks-and-toncoin-lead-the-bull-cycle-as-global-crypto-market-cap-surge\/"},"modified":"2023-08-30T19:13:52","modified_gmt":"2023-08-30T19:13:52","slug":"stacks-and-toncoin-lead-the-bull-cycle-as-global-crypto-market-cap-surge","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/stacks-and-toncoin-lead-the-bull-cycle-as-global-crypto-market-cap-surge\/","title":{"rendered":"Stacks and Toncoin lead the bull cycle as global crypto market cap surge"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1693404537425-9dd51de5-9ac0-4be5-8165-2d9da05d5541-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1693404537425-9dd51de5-9ac0-4be5-8165-2d9da05d5541-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1693404537425-9dd51de5-9ac0-4be5-8165-2d9da05d5541-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1693404537425-9dd51de5-9ac0-4be5-8165-2d9da05d5541-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>Stacks (STX) has gained 18.43% today to trade at $0.5319 at press time.<\/li>\n<li>Toncoin (TON)\u00a0has gained 15.51% today to trade at $1.74 at press time<\/li>\n<li>Bitcoin Cash (BCH) had jumped by 12.33% to trade at $216.57.<\/li>\n<\/ul>\n<p>The cryptocurrency market has turned green today with a majority of the top cryptocurrencies by market cap registering significant price surges. Stacks (STX), Toncoin (TON), and <a href=\"https:\/\/coinjournal.net\/bitcoin-cash\/what-is-bitcoin-cash\/\">Bitcoin Cash (BCH)<\/a> have come out as the top gainers as the global crypto market cap increased by 4.35% to hit $1.09 trillion.\u00a0<\/p>\n<p>But what is making the crypto market surge? Well, let\u2019s delve into the factors behind today\u2019s crypto price surges.<\/p>\n<h2>Why is the crypto market rising today?<\/h2>\n<p>Today\u2019s crypto market price surge coincides with <a href=\"https:\/\/coinjournal.net\/news\/grayscale-win-against-sec-in-bitcoin-etf-case\/\">Grayscale\u2019s win against the US SEC<\/a> in the Bitcoin ETF case.<\/p>\n<p>The US Court of Appeals for the DC Circuit on August 29 ruled in favour of Grayscale in its long-running lawsuit against the Securities &amp; Exchange Commission.<\/p>\n<p>The ruling was monumental for the crypto industry which has been agitating for SEC\u2019s approval of Bitcoin ETFs. The ruling not only paves the way for the approval of the Bitcoin ETF petition filed by Grayscale but also for the BTC ETF applications made by BlackRock and Fidelity.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 615px\"><span class=\"fr-img-wrap\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/07\/30\/1693403787362-a0b6c659-6940-486a-88d3-116c0f6353c9.jpg\" class=\"fr-fic fr-dib\" width=\"615\" height=\"376\"\/><span class=\"fr-inner\" style=\"background: transparent;position: relative\"><em>Bitcoin price chart<\/em><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">\u00a0<\/p>\n<\/div>\n<p>After a long consolidation of around $26k, <a href=\"https:\/\/coinjournal.net\/news\/breaking-bitcoin-hits-28k-after-grayscale-win-against-sec\/\">Bitcoin price momentarily surged above $28k<\/a>\u00a0minutes after the court ruling on August 29. Although the price of BTC has since slightly pulled back the bulls still seem to be squarely in control.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum (ETH)<\/a>, the second-largest cryptocurrency by market cap has also surged above $1,700 after staying below $1,700 for two straight weeks.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/stacks-and-toncoin-lead-the-bull-cycle-as-global-crypto-market-cap-surge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Stacks (STX) has gained 18.43% today to trade at $0.5319 at press time. Toncoin (TON)\u00a0has gained 15.51% today to trade at $1.74 at press time Bitcoin Cash (BCH) had jumped by 12.33% to trade at $216.57. The cryptocurrency market has turned green today [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23186"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23186"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23187"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}