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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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

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    Experience to Earn: Everdome’s Metaverse Frontier

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

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  • NFT
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    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    Labubus have succeeded in every way that NFTs have failed

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    CryptoPunks Floor Price Hits 3-Year High of $208,000

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    NFT sales surge to $574 million in July, second-highest in 2025

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    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

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    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

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    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

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  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    UAE emirate launches new free zone for digital assets, Web3 and AI

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    What’s the Difference & Which Is Better to Trade?

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    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home NFT

Bitcoin Ordinals Bounce Back After Turbulent Start to the Month

August 7, 2024
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Bitcoin Ordinals Bounce Back After Turbulent Start to the Month
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Leading Bitcoin Ordinal projects have bounced back over the past 24 hours, after the global market experienced widespread sell-offs and recession fears at the start of the week.

READ ALSO

Ethereum Collections Lead NFT Sales Today

how NFTs became a global brand and a Web3 “social currency”

NodeMonkes, the largest Ordinals project by market cap, has increased its floor price by 34.2% over the past 24 hours to $7,600. Meanwhile, Bitcoin Puppets, the second largest project, has climbed 38% to a floor of $5,600.

Bitcoin Ordinal Inscriptions are digital assets inscribed on a satoshi, the lowest denomination of a Bitcoin (BTC). Ordinals are often looked at as NFTs for Bitcoin. The protocol originally took the industry by storm but, in recent months, hype has been cooling.

Since NodeMonkes’ floor high of 0.897 BTC ($51,000) back in March of 2024, its floor price has fallen by 85% to 0.131 BTC ($7,500). There’s been a similar pattern across other Ordinals projects, including Bitcoin Puppets seeing its floor fall by 79% since April.

But the ecosystem shows signs of healing.

BTC DeGods is one of the biggest winners of the day, with its floor price jumping 42.2% to $4,000. This comes as the Ethereum’s DeGods NFT project also sees its floor climbing 48% to $2,600.

Other Ordinals winners include Aeons increasing its floor by 40%, Blob up 37.8%, and Trevor.btc created Pizza Ninjas leaping 24%.

As a #Bitcoin whale, I face a hidden crisis – systemic oppression and societal scorn. Holding significant amounts of Bitcoin, #Ordinals , #BRC20 and #Runes , I endure daily ridicule and judgment. My wealth should be celebrated, yet it marks me as a target for hatred.

Just like… https://t.co/MWuuB4iAiQ

— Arthur Hayes (@CryptoHayes) August 6, 2024

This run has come after Bitcoin billionaire and BitMEX co-founder Arthur Hayes posted on Twitter that he holds “significant amounts” of Ordinals. This post came in support of a soon-to-launch Ordinals profile picture (PFP) project called Airhead, which aims to destigmatize being rich.

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“Our Airhead characters, which inflate with proof of wealth, represent the beauty and power of our financial success.” Hayes posted on Twitter, “Fat is beautiful, and so is our wealth. We are not afraid to flaunt what we’ve got, and we will not be shamed into silence.”

Edited by Stacy Elliott.

Tags: BitcoinBounceMonthOrdinalsStartTurbulent

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