Ethereum

Eden

Bitcoin

<ul> 
 <li><strong>Bitcoin Ordinals trading volume surge led by Magic Eden with $39.29 million</strong></li> 
 <li><strong>Bitcoin NFT sector sees 80% sales increase, outperforming Ethereum collections.</strong></li> 
</ul> 
<p>In an unexpected surge, the trading volume of Bitcoin Ordinals reached a new peak on March 3, with figures climbing to $51.14 million, marking the highest point since December 18 of the previous year.&nbsp;</p> 
<p>Notably, <a href="https://magiceden.io/">Magic Eden</a>, a leading platform in the Ordinals marketplace, dominated this upswing, accounting for $39.29 million or 76.8% of the total trading volume. This resurgence in trading activity has brought the number of transactions and active users to their highest levels.</p> 
<p>Meanwhile, the surge contrasts sharply with last month, where daily trading volumes languished between $5 million and $6 million. According to data from the analytics platform Dune, the overall landscape of Bitcoin Ordinals trading is substantial, with a total volume of $2,468,888,554 across 2,047,784 trades by 426,130 unique users.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/7it4EDNr6yEjtmSx8uQZMiuJWUNP5UTgLP6_w4B-YQCLS1bBdwC97yhIFuiXFDAl-Xw13PRD0RlQ0pAy_5cOF_Zkl8AnVqvd1En9WWfSfMObrRuQxBR_4sLrjojBg0FoiGltyPV-C6pBf12Bxlo0It0" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Ethereum NFT vs. Inscriptions Volume Chart, Source: Dune
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</div> 
<p>Among the hustle and bustle on Magic Eden, standout collections such as NodeMonkes, Bitcoin Puppets, and RSIC Metaprotocol have captured traders’ attention, contributing significantly to the platform’s trading volume</p> 
<p>Moreover, the broader Bitcoin NFT sector has witnessed an 80% increase in sales week-over-week, reaching $168.5 million. Remarkably, three of the top five NFT collections driving this growth are based on Bitcoin Ordinals, overshadowing <a href="https://thenewscrypto.com/ethereum-eth-price-prediction/">Ethereum</a>‘s $162 million in sales, as reported by CryptoSlam.</p> 
<h3 class="wp-block-heading" id="h-btc-and-bitcoin-ordinals-hits-new-highs">BTC And Bitcoin Ordinals Hits New Highs</h3> 
<p>This revitalized interest in Bitcoin and its Ordinals comes at a pivotal moment. The cryptocurrency is experiencing a bullish momentum, with its value approaching a near-all-time high (ATH) of $65,000. This rally precedes Bitcoin’s much-anticipated halving event, which historically has been a catalyst for significant price movements. Currently BTC is trading at $63,364.34 with a 2.26% surge.</p> 
<p>As Bitcoin inches closer to its ATH, the Ordinals market’s vibrancy reflects a growing enthusiasm among traders and collectors. It possibly heralding a new era of digital asset trading on the world’s largest cryptocurrency network.</p>

Bitcoin Ordinals Trading Volume Hits $51M, Highest Since December

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TheNewsCrypto

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