• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

2025-06-16

How and When Do I Take Bitcoin Profits? | Top Altcoins

2025-06-14

Why BTC Might Explode to $150K 🌕

2025-06-14

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Fully Diluted Valuation (FDV) in Crypto?

    2025-06-12

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    2025-06-09

    What Is Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    2025-06-05

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02
  • Videos

    How and When Do I Take Bitcoin Profits? | Top Altcoins

    2025-06-14

    Why BTC Might Explode to $150K 🌕

    2025-06-14

    Why Bitcoin Core Is Bitcoin

    2025-06-14

    Japan’s Bond Chaos: The Trigger for the Next Crypto Bull Run?

    2025-06-14

    🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

    2025-06-13
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»As interest in Bitcoin Ordinals rise, how will BTC be impacted
Bitcoin

As interest in Bitcoin Ordinals rise, how will BTC be impacted

2023-11-04No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

  • Interest in Bitcoin ordinals grew as BTC’s price soared.
  • Open Interest rose, despite growing Implied Volatility.

The recent rise in Bitcoin’s [BTC] price has inspired optimism amidst various sectors of the crypto market. But it wasn’t just Bitcoin that people were starting to get interested in. Recently, it was seen that members of the crypto community were showing an interest in Bitcoin Ordinals as well.


Is your portfolio green? Check out the BTC Profit Calculator


Out of the ordinary

Ordinal Inscriptions are digital assets on the smallest Bitcoin unit, a satoshi, much like NFTs.

They are named after Bitcoin’s creator, Satoshi Nakamoto.

These inscriptions hold unique and valuable information, and like NFTs, they’re gaining attention in the digital world.

According to recent data, the Bitcoin Ordinals BRC-20 transactions were on the rise.

In the last week, sats collection went up by 124%, the “BTCs” collection surged by 30%, and “honk” grew by 300%, and “ordi” by 13%. Among them, “sats” held the top spot with a market cap of about $166 million, surpassing “ordi” with approximately $130 million.

Source; OKX

A surge in interest in Bitcoin ordinals can benefit the Bitcoin network in terms of price in several ways. First, it adds more value to each satoshi, the smallest Bitcoin unit, which could lead to an overall increase in Bitcoin’s price.

How are traders doing?

As people see the potential value in these ordinals, they may become more interested in owning Bitcoin and engaging with its network, driving demand.

Apart from NFT enthusiasts, traders were also showing interest in BTC as well. According to Coinglass’ data, the open interest in Bitcoin surged significantly over the last few days.

Source: coinglass

However, Implied Volatility (IV) around BTC also started to rise during this period.

See also  Assessing the impact of Silvergate episode on the crypto market 

When Implied Volatility (IV) increases, it affects how traders behave in several ways. Traders tend to become more risk-averse, as a higher IV indicates greater price uncertainty.

They might reduce their positions or avoid trading to protect their investments.

 

Source: The Block

Some traders embrace volatility, while others use hedging strategies to mitigate risk. The overall market sentiment becomes less predictable, potentially leading to panic selling or buying.

In such times, traders closely follow market news to make informed decisions based on the changing dynamics. At press time BTC was trading at $34,237.54 and had grown by 1.45% in the last 24 hours.

Bitcoin BTC Impacted Interest Ordinals Rise
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How and When Do I Take Bitcoin Profits? | Top Altcoins

2025-06-14

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14

🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

2025-06-13
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

[WARNING] Crypto Bank Silvergate’s Stock PLUNGE | Bitcoin Update

2023-03-02

Today let’s look at Bitcoin, Crypto and US Markets. What is going on with Silvergate…

Videos

What Bitcoin means to me and why I save it.

2023-11-08

You want $30000 in bonuses from Bybit? Sign up now at http://bybit.davincij15.com You can get…

Blockchain

FORE Expands Prediction Market Accessibility with OpenOcean Integration

2024-02-13

FORE has announced its collaboration with OpenOceanGlobal. This partnership marks a pivotal step towards enhancing…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

2025-06-16

How and When Do I Take Bitcoin Profits? | Top Altcoins

2025-06-14

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

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

bitcoin
Bitcoin (BTC) $ 104,462.99
ethereum
Ethereum (ETH) $ 2,508.75
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.18
bnb
BNB (BNB) $ 647.31
solana
Solana (SOL) $ 147.85
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.275255
dogecoin
Dogecoin (DOGE) $ 0.168719
staked-ether
Lido Staked Ether (STETH) $ 2,504.57
bitcoin
Bitcoin (BTC) $ 104,462.99
ethereum
Ethereum (ETH) $ 2,508.75
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.18
bnb
BNB (BNB) $ 647.31
solana
Solana (SOL) $ 147.85
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.275255
dogecoin
Dogecoin (DOGE) $ 0.168719
staked-ether
Lido Staked Ether (STETH) $ 2,504.57