Bitcoin Ordinals, Milady Maker interest surges as optimism seeps into select NFT projects | Headlines | News | CoinMarketCap

03/04/2024 14:33
Bitcoin Ordinals, Milady Maker interest surges as optimism seeps into select NFT projects | Headlines | News | CoinMarketCap

Prices and trading volumes for some non-fungible tokens are surging as Bitcoin's interest in challenging its all-time high injects optimism into …

Prices and trading volumes for some non-fungible tokens are surging as Bitcoin's interest in challenging its all-time high injects optimism into other crypto-market sectors.

Yesterday, the trading volume of Bitcoin Ordinals hit over $51 million — levels not seen since December 2023. Transaction count and user metrics also reached similar highs.

The price of Bitcoin's premiere NFT, NodeMonkes, surged by roughly 25% to 0.875 BTC on Magic Eden with a 24-hour trading volume of nearly 282 BTC. The collection's sales have increased by more than 56%.

Bitcoin Puppets has seen similar increases, with the collection's floor price currently greater than a quarter of a bitcoin.

At the same time, NFT marketplace Magic Eden has cemented itself as the leading platform for Ordinals trading, …

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