© Reuters.
Cryptocurrencies are seeing a notable uptrend, with bitcoin hitting new highs and a lesser-known token, ORDI, hitting an all-time high. ORDI, which runs on the Ordinals protocol, reached an all-time high of $44.03 before undergoing a minor correction to around $41.50. This represents a substantial daily increase of 28% and an impressive 114% rise over the past week.
Bitcoin, the top cryptocurrency by market capitalization, also saw significant gains. It surpassed $42,000, after crossing $40,000 on Sunday afternoon. This bullish momentum reflects broader enthusiasm in the digital currency market.
The remarkable performance of ORDI dates back to its creation at the beginning of the year by the creator Domo. Since then, it has been adopted by major cryptocurrency exchanges such as Binance and OKX, helping its market value increase by $873 million. This growth places ORDI in 65th place in the cryptocurrency rankings according to CoinGecko.
The rise of the token is not an isolated event in the crypto space. Other BRC-20 tokens have also seen substantial gains over the past week. DOMO soared 1,098%, while PEPE rose 107%, highlighting the dynamic nature of this asset class.
ORDI’s trading volumes also reflect the bullish market sentiment, with recent transactions totaling approximately $859 million. In the last month alone, ORDI’s value has increased by 549%, highlighting its rapid rise in the cryptocurrency ecosystem.
This article was generated and translated with the help of AI and reviewed by an editor. For more information, see our T&Cs.