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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-above-58000-with-german-governments-btc-holdings-decreasing/" data-wpel-link="internal">Bitcoin Price Surges Above $58,000 with German Government’s BTC Holdings Decreasing</a> 
Bitcoin price surged above $58,000 and tested $60,000 as Germany’s BTC holdings decreased. Meanwhile, the <a href="https://en.coin-turk.com/ethereums-momentum-attracts-attention-amidst-bitcoins-decline/" data-wpel-link="internal">Ethereum</a> event continues this week with significant announcements. The latest development was about Starknet, with the team planning to start staking by the end of the year. 
<h2 style="text-align: justify" id="strk-coin-commentary">STRK Coin Commentary</h2> 
For layer2 solutions like this, if you can’t increase token utility, you can’t prevent <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">prices</a> from falling. The Starknet team saw what was needed and shared their staking plans at the recent Ethereum event. CEO Eli Ben-Sasson announced at EthCC that they presented the Starknet Improvement Proposal (SNIP) to enable staking on the network. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-369438 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/STRKUSDT_2024-07-10_16-06-50.png" alt="" width="1814" height="836"> 
Following the community’s approval of this proposal, the staking feature will be launched on the mainnet by the end of 2024. After the vote, the testnet will receive this feature much earlier. 
<blockquote> 
 “As Starknet continues its decentralized journey, StarkWare is excited to propose the first phase of staking. This is a significant step in building the staking community and <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">technology</a>, offering new opportunities for users and developers.” 
</blockquote> 
The staking proposal includes a 21-day lock-up period, and if it gains demand, the supply of STRK Token on exchanges could decrease, leading to significant price increases. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-above-58000-with-german-governments-btc-holdings-decreasing/" data-wpel-link="internal">Bitcoin Price Surges Above $58,000 with German Government’s BTC Holdings Decreasing</a></h5>

Bitcoin Price Surges Above $58,000 with German Government’s BTC Holdings Decreasing

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