Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»ORDI: Unusual price movements excite investors
BITCOIN NEWS

ORDI: Unusual price movements excite investors

By Crypto FlexsJanuary 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ORDI: Unusual price movements excite investors
Share
Facebook Twitter LinkedIn Pinterest Email

As of this writing, ORDI is experiencing significant price appreciation following several events in the cryptocurrency world. CoinGecko data Open to the public ORDI is up nearly 12% in the last 24 hours. However, it remains to be seen whether this price rise will erase the weakness experienced over the past few weeks.

However, the entire cryptocurrency market is currently showing a tremendous upward trend. latest market data show The broader market rose nearly 3% after strength brought by major coins and tokens including: bitcoin.

Fierce competition in the Bitcoin ETF space

Since then, 11 Bitcoin spot exchange funds have been launched. Approved Competition surrounding the Bitcoin ETF space has increased this month, according to a Securities and Exchange Commission report earlier this month. According to latest news, Fidelity’s Bitcoin ETF surpasses Grayscale’s GBTC in inflows. JP Morgan also said that GBTC’s outflow was directed to new competitors with lower fees.

“Most of the GBTC monetization has already occurred… This means that most of the downward pressure on Bitcoin in that channel is behind us.” said JPMorgan analysts led by Managing Director Nikolaos Panigirtzoglou said in a recent statement.

ORDIUSD currently trading at $61.5808 on the daily chart: TradingView.com

The financial institution also points to individual Bitcoin ETFs from Blackrock and Fidelity. dominate market in the long run. However, Grayscale CEO Michael Sonnenshein believes that most of the recently approved ETFs will not survive in the long term. He also defended the higher feeds Grayscale charges compared to its competitors.

“Investors are considering liquidity, performance, and who the actual issuer is. Grayscale is a cryptocurrency expert. And that actually paved the way for a lot of these products to come to market,” Sonnenshein said recently. interview With CNBC.

ORDI: Will be higher in the near future

ORDI is largely following the pace of Bitcoin in the broader market. At the time of writing, BTC is sitting at $43.4,000 and rising. If Bitcoin continues to strengthen, we could see ORDI follow suit.

Events like those mentioned above in the context of ORDI will also draw attention to the BRC-20 standard token, which has been gaining momentum since last year. Currently, ORDI’s position remains attractive to investors and traders as it rides the bullish wave created by Bitcoin.

If this bullish trend continues, the bulls will have enough momentum to settle into the 50% retracement level, which will provide a solid foundation for further upside in the future. However, a more conservative bullish forecast is for ORDI to stabilize above the 61.80% retracement level. Even if this happens, investors and traders can still experience profits with a platform that is much more stable against future price movements.

Featured image from Shutterstock, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025
Most Popular

The Sei Research Initiative aims to overcome EVM limitations.

November 14, 2024

Axie Infinity is one of the best Christmas risers.

December 26, 2023

AI factory: Revenue potential through data conversion

May 17, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.