/ Bitcoin breaks $41,000 barrier after 18 months, surging +4.71%. Ordinals ($ORDI) token steals the spotlight with a staggering +582.0% rise in 30 days.
Author: Nilesh Hembade.
Date: 04 Dec 2023, 10:50 AM IST
In a surprising turn of events, the cryptocurrency market experienced a bullish wave on the first day of the week, leaving bears astonished. The highlight of the day is the remarkable breakthrough of Bitcoin (BTC), which has finally surpassed the elusive $41,000 price mark. The leading cryptocurrency is now boasting a substantial gain of +4.71% in the last 24 hours, currently trading at $41,271.0, with a market cap soaring to $807 billion.
This marks a significant milestone as Bitcoin’s price hasn’t seen such heights since May 2022, indicating an 18-month journey to reclaim and surpass the $41,000 level. Speculation suggests that the recent surge in Bitcoin’s price could be attributed to the developments surrounding Bitcoin exchange-traded funds (ETFs).
However, amidst the Bitcoin frenzy, there’s another token making waves in the cryptocurrency market – the Ordinals ($ORDI) token. This digital asset has witnessed an astonishing surge of +582.0% in the last 30 days, and today alone, it skyrocketed by an impressive +36%. As of now, the ORDI token is trading at $43.99, boasting a substantial market cap of $923 million.
Ordinals (ORDI) operates as a protocol in the cryptocurrency space with a unique mission – to add value to each Satoshi, the smallest unit of Bitcoin. Given that the total number of Bitcoins is capped at 21 million, and each Bitcoin can be divided into 100 million Satoshis, the protocol aims to enhance the value of these smallest units. This results in a grand total of 2100 trillion Satoshis.
As the cryptocurrency market continues to showcase its dynamism, the surge in both Bitcoin and the Ordinals token highlights the potential for diverse investment opportunities and the ever-changing landscape of digital assets.