Bitcoin Layer-2s Growing in Favor, Marathon Digital Purchases Mining Facilities
Dec 20, 2023
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Market Update The “Santa Clause rally” is in full effect within equity markets, as the QQQ (+0.08%) has made a new all-time high, and the SPY (+0.07%) is less than 1% away from doing the same. Crypto markets are joining the fun, with $BTC (+3.90%) rising to just under $44k and $ETH (+2.99%) trading near $2,350. Bitcoin layer-2, Stacks ($STX), is outperforming today, rising over 26% amid Bitcoin monthly transactions reaching an all-time high, driven by the increasing popularity of inscriptions. Similarly, Elastos ($ELA) has risen 188% in the last two days following the release of its new B