ORDI Shatters Records With New All-Time High In Bullish Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,339,419,386,310	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,339,419,386,310

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	514.75	0.76%	68,427.73	68,427.72	68,427.73

Price Change

Price Change %

Current Price

Bid Price

Offer

514.75

0.76%

68,427.73

68,427.72

68,427.73

High Price	Low Price	Open Price	Prev. Close	52 Week Range
68,490.48	67,658.00	67,857.26	67,912.98	24,900.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

68,490.48

67,658.00

67,857.26

67,912.98

24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:08:04	0.015934	68,432.97	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:08:04

0.015934

68,432.97

USD

Price x Volume	Volume	Base Symbol	Related Pairs
132,441,124.47	1,947.61	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

132,441,124.47

1,947.61

ORDI Shatters Records With New All-Time High In Bullish Surge

03/12/2023 1:00pm

NEWSBTC

BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin breaks past the $39,000 level. ORDI, the biggest of the BRC-20 tokens, is pulled up by BTC’s rally. According to CoinGecko, ORDI is up nearly 36% since yesterday, and currently trading at $32.42, it’s new all-time high. This recent price action places ORDI under the limelight, putting enormous pressure on the bears while giving big gains for the bulls. Related Reading: Top 5 Cryptos Set For A Price Explosion This December – ADA, TIA, RUNE, LUNC, BTC $39K Barrier Broken: What’s Next? The market is encountering a slight rally with Bitcoin gaining momentum on the legal side of things. The US Securities and Exchange Commission (SEC) has been eyeing the approval of a spot Bitcoin exchange-traded fund (ETF), giving traditional investors a safer avenue to invest in crypto. Crypto-related stocks also experienced a big jump in price, with names like Clean Spark (CLSK) and Iris Energy (IREN) making headlines. Michael Saylor’s Microstrategy is also up nearly 6% on the daily timeframe. Top BRC-20 coins by market cap. Source: Coingecko Ordinals, on the other hand, are following suit. Coingecko’s BRC-20 index shows a nearly 40% increase in price in the past 24 hours. Although no major developments have followed Ordinals in the past few months, Bitcoin’s most recent rally gives the bulls a lot of hope for a continuous rally. ORDIUSD currently trading at $32.51 territory on the daily chart: TradingView.com Investors Should Exercise Caution On These Levels… The current price action suggests that ORDI’s price has no stable support and will eventually revert to more sustainable levels. However, bulls might be able to use the $25 price level to bounce upward to a favorable position. But if they fail to hold this price point once the hype settles, the $19 price point will be the lowest it can go. Related Reading: Ethereum ATH: Exploring The Possibility Of Ether’s New Peaks In 2024 Source: TradingView ORDI Price Boost From ETF Nod Investors and traders should keep in mind the SEC’s Bitcoin ETF decision. If the agency approves, this will bring more investors to crypto, thus boosting the price upward. But investors and traders shouldn’t bank their money on this single decision alone. Economists are still optimistic about a “soft landing” as deflationary winds continue to blow through sectors of the economy. If this continues and the US Federal Reserve does reduce its current 5.5% interest rate, investors and traders will have more confidence in the market. Paired with a positive approval of the Bitcoin ETF by the SEC, it will push prices upwards more, including the Ordinals. Still, bulls should be able to handle a slight decline in price if they can hold onto the $25 price level. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

BTCUSD Bitcoin