Posted 2/27/2024, 10:17:25 PM
Bitcoin Ordinals Trading Volume Surges to $20 Million Daily Amid Bitcoin Price Rally
- Bitcoin Ordinals trading volume has surged to $19.7 million daily, up from $5-$6 million earlier this month
- Activity is still below December peak of $85 million in daily trades
- Magic Eden is the top marketplace for trading Ordinals
- Renewed interest comes as Bitcoin price rockets towards $57,000 ahead of upcoming halving event
- Some Bitcoin community members previously criticized Ordinals for increasing transaction costs, though costs have since fallen