{"id":563623,"date":"2023-12-03T13:00:25","date_gmt":"2023-12-03T13:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=563623"},"modified":"2023-12-03T09:57:08","modified_gmt":"2023-12-03T09:57:08","slug":"ordi-shatters-records-with-new-all-time-high-in-bullish-surge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ordi-shatters-records-with-new-all-time-high-in-bullish-surge\/","title":{"rendered":"ORDI Shatters Records With New All-Time High In Bullish Surge"},"content":{"rendered":"

BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin <\/span>breaks past the <\/span><\/a>$39,000 level. ORDI, the biggest of the BRC-20 tokens, is pulled up by BTC\u2019s rally. According to <\/span>CoinGecko<\/span><\/a>, ORDI is up nearly 36% since yesterday, and currently trading at $32.42, it’s new all-time high.\u00a0<\/span><\/p>\n

This recent price action places ORDI under the limelight, putting enormous pressure on the bears while giving big gains for the bulls.\u00a0<\/span><\/p>\n

Related Reading: Top 5 Cryptos Set For A Price Explosion This December \u2013 ADA, TIA, RUNE, LUNC, BTC<\/a><\/div>\n

$39K Barrier Broken: What\u2019s Next?\u00a0<\/b><\/h2>\n

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 <\/span>eyeing<\/span><\/a> the approval of a spot Bitcoin exchange-traded fund (ETF), giving traditional investors a safer avenue to invest in crypto.\u00a0<\/span><\/p>\n

Crypto-related stocks also experienced a big jump in price, with names like Clean Spark (CLSK) and Iris Energy (IREN) making headlines. Michael Saylor\u2019s <\/span>Microstrategy<\/span><\/a> is also up nearly 6% on the daily timeframe.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Top BRC-20 coins by market cap. Source: Coingecko<\/pre>\n
Ordinals, on the other hand, are following suit. Coingecko\u2019s BRC-20 index <\/span>shows<\/span><\/a> a nearly 40% increase in price in the past 24 hours. <\/span><\/p>\n
Although no major developments have followed Ordinals in the past few months, Bitcoin\u2019s most recent rally gives the bulls a lot of hope for a continuous rally.\u00a0<\/span><\/p>\n
ORDIUSD currently trading at $32.51 territory on the daily chart: TradingView.com<\/a><\/pre>\n
Investors Should Exercise Caution On These Levels\u2026<\/b><\/h2>\n
The current price action suggests that ORDI\u2019s price has no stable support and will eventually revert to more sustainable levels. <\/span><\/p>\n
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.\u00a0<\/span><\/p>\n
Related Reading: Ethereum ATH: Exploring The Possibility Of Ether\u2019s New Peaks In 2024<\/a><\/div>\n
\"\"<\/p>\n
Source: TradingView<\/pre>\n
ORDI Price Boost From ETF Nod<\/strong><\/h3>\n
Investors and traders should keep in mind the SEC\u2019s Bitcoin ETF decision. If the agency approves, this will bring more investors to crypto, thus boosting the price upward. But investors and traders shouldn\u2019t bank their money on this single decision alone.\u00a0<\/span><\/p>\n
Economists are still <\/span>optimistic<\/span><\/a> about a \u201csoft landing\u201d 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. <\/span><\/p>\n
Paired with a positive approval of the Bitcoin ETF by the SEC, it will push prices upwards more, including the Ordinals.\u00a0<\/span>Still, bulls should be able to handle a slight decline in price if they can hold onto the $25 price level.\u00a0<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s rally. According to CoinGecko, ORDI is up nearly 36% since yesterday, and currently trading at $32.42, it’s new all-time high.\u00a0 This recent price action places ORDI under the limelight, putting enormous pressure on the bears while giving big gains for the bulls.\u00a0 Related Reading: Top 5 Cryptos Set For A Price Explosion This December \u2013 ADA, TIA, RUNE, LUNC, BTC $39K Barrier Broken: What\u2019s Next?\u00a0 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.\u00a0 Crypto-related stocks also experienced a big jump in price, with names like Clean Spark (CLSK) and Iris Energy (IREN) making headlines. Michael Saylor\u2019s Microstrategy is also up nearly 6% on the daily timeframe.\u00a0 Top BRC-20 coins by market cap. Source: Coingecko Ordinals, on the other hand, are following suit. Coingecko\u2019s 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\u2019s most recent rally gives the bulls a lot of hope for a continuous rally.\u00a0 ORDIUSD currently trading at $32.51 territory on the daily chart: TradingView.com Investors Should Exercise Caution On These Levels\u2026 The current price action suggests that ORDI\u2019s 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.\u00a0 Related Reading: Ethereum ATH: Exploring The Possibility Of Ether\u2019s New Peaks In 2024 Source: TradingView ORDI Price Boost From ETF Nod Investors and traders should keep in mind the SEC\u2019s Bitcoin ETF decision. If the agency approves, this will bring more investors to crypto, thus boosting the price upward. But investors and traders shouldn\u2019t bank their money on this single decision alone.\u00a0 Economists are still optimistic about a \u201csoft landing\u201d 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.\u00a0Still, bulls should be able to handle a slight decline in price if they can hold onto the $25 price level.\u00a0 (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<\/p>\n","protected":false},"author":557,"featured_media":563640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,88269,87919,3505],"class_list":["post-563623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-ordi","tag-ordinals","tag-price-analysis"],"acf":[],"yoast_head":"\nORDI Shatters Records With New All-Time High In Bullish Surge<\/title>\n<meta name=\"description\" content=\"BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin breaks past the $39,000 level. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ORDI Shatters Records With New All-Time High In Bullish Surge","url":"http:\/\/wncen.com\/news\/ordi-shatters-records-with-new-all-time-high-in-bullish-surge\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ordi-shatters-records-with-new-all-time-high-in-bullish-surge\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/a-18.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/a-18.png?fit=455%2C292"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","ordi","ordinals","price analysis"],"dateCreated":"2023-12-03T13:00:25Z","datePublished":"2023-12-03T13:00:25Z","dateModified":"2023-12-03T13:00:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ORDI Shatters Records With New All-Time High In Bullish Surge\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ordi-shatters-records-with-new-all-time-high-in-bullish-surge\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ordi-shatters-records-with-new-all-time-high-in-bullish-surge\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-18.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-18.png?fit=455%2C292\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"ordi\",\"ordinals\",\"price analysis\"],\"dateCreated\":\"2023-12-03T13:00:25Z\",\"datePublished\":\"2023-12-03T13:00:25Z\",\"dateModified\":\"2023-12-03T13:00:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/a-18.png?fit=455%2C292","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/563623"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=563623"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/563623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/563640"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=563623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=563623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=563623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}