Bitcoin's ORDI Token Hits All-Time High of $82 Before Plunging as Congestion Grips Network
• ORDI token, the largest Bitcoin BRC-20 token, hit a new all-time high price of $81.96 on Friday before dropping over 11% to $73.92 • ORDI is currently the 56th largest cryptocurrency by market cap with a valuation of $1.55 billion • ORDI and other BRC-20 tokens on Bitcoin have generated a lot of speculative interest recently • Increased activity around these tokens has led to spikes in Bitcoin transaction fees, causing network congestion • Some in the Bitcoin community claim these new tokens are "spam" that make it costlier to send regular Bitcoin payments