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STX Tumbles 12.7% as Upbit Suspends Deposits and Withdrawals Amid Crypto Market Weakness

Guavy AI Editorial Team
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BTC STX
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On July 24, 2026, STX plummeted to $0.1456 after Upbit announced it would temporarily suspend deposits and withdrawals starting July 29.

This move restricts liquidity in a key market and coincides with a broader crypto market downturn marked by declining stablecoin reserves and cautious Bitcoin derivatives positioning.

Despite the recent price setback, Stacks Labs continues to advance its ecosystem with new partnerships and protocol upgrades, signaling potential medium-term resilience.

Traders should watch for Upbit's resumption timeline and Bitcoin's price action for clues on STX's next directional move.

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