{"id":24885,"date":"2023-12-04T13:40:23","date_gmt":"2023-12-04T13:40:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ordi-price-hits-new-all-time-high-as-bitcoin-touches-42k\/"},"modified":"2023-12-04T13:40:23","modified_gmt":"2023-12-04T13:40:23","slug":"ordi-price-hits-new-all-time-high-as-bitcoin-touches-42k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ordi-price-hits-new-all-time-high-as-bitcoin-touches-42k\/","title":{"rendered":"ORDI price hits new all-time high as Bitcoin touches $42k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692033109469-ed145da7-5ba0-4cb2-98c5-e048cc643b3b-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692033109469-ed145da7-5ba0-4cb2-98c5-e048cc643b3b-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692033109469-ed145da7-5ba0-4cb2-98c5-e048cc643b3b-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692033109469-ed145da7-5ba0-4cb2-98c5-e048cc643b3b-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">ORDI (ORDI) price hit a new all-time high of $44.03 early Monday as Bitcoin touched $42,000.<\/li>\n<li dir=\"ltr\">The uptick in ORDI price comes amid rising total inscriptions on the Bitcoin network.<\/li>\n<li dir=\"ltr\">ORDI could trade high if BTC continues on a bullish trajectory.<\/li>\n<\/ul>\n<p dir=\"ltr\">As <a href=\"https:\/\/coinjournal.net\/bitcoin\/\" rel=\"noopener noreferrer\" target=\"_blank\">Bitcoin price<\/a> rallied to above $42,000 early Monday, the BRC-20 token ORDI (ORDI) was hovering at $44, a new all-time high for the Bitcoin Ordinals token.\u00a0<\/p>\n<p dir=\"ltr\">This came amid a 35% surge in the 24 hours, an upside that saw ORDI extend its gains over the past week to over 111%. On December 4, the token\u2019s value was more than 550% up.<\/p>\n<h2 dir=\"ltr\">ORDI spikes as Bitcoin hits $42k<\/h2>\n<p dir=\"ltr\">ORDI\u2019s massive price gains over the past few weeks have had a catalyst in the shape of Bitcoin\u2019s rally. Over the weekend, BTC broke above the $40,000 level and like in the past several days, the upside reflected in the price of ORDI.<\/p>\n<p dir=\"ltr\">The token crossed the $24 hurdle on Saturday and after retesting the $33 area on December 3, extended higher to hit the all-time high of $44.03 early Monday. A look at the Bitcoin chart shows the benchmark cryptocurrency cross to its new year-do-date high price of $ 42,155 on Monday. Notably, BTC was traded at around $36,770 at the start of last week.<\/p>\n<p dir=\"ltr\">Analysts are bullish on Bitcoin going into next year, and with this outlook comes the possibility that ORDI could go on a vertical hike too. This forecast is informed largely by the increased pace of inscriptions within the Ordinals protocol.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/11\/04\/1701689798556-205a08f4-4c33-4566-92fe-15d5f0287467.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"374\"\/><\/p>\n<p dir=\"ltr\">ORDI makes up the largest share of these texts, images and such other features on Bitcoin, and as BTC rises, the BRC-20 token is likely to follow. This is the case with Bitcoin transactions fees rising, with <a href=\"https:\/\/dune.com\/dgtl_assets\/bitcoin-ordinals-analysis\" rel=\"noopener noreferrer\" target=\"_blank\">data<\/a> showing (in the above chart) that there have been over $46 million total inscriptions as of December 4, 2023.<\/p>\n<p dir=\"ltr\">While a retreat across the market could see ORDI\u2019s price also decline, a return to the upward trajectory could well continue to track Bitcoin\u2019s bullish outlook.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ordi-hits-new-all-time-high-as-bitcoin-breaks-above-42k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) ORDI (ORDI) price hit a new all-time high of $44.03 early Monday as Bitcoin touched $42,000. The uptick in ORDI price comes amid rising total inscriptions on the Bitcoin network. ORDI could trade high if BTC continues on a bullish trajectory. As Bitcoin [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24885"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24885"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24886"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}