Gate News Bot Message, December 17th, according to CoinMarketCap data, as of press time, ORDI (ORDI) is currently trading at $4.53, up 9.44% in the past 24 hours, with a high of $4.85 and a low of $3.89. The 24-hour trading volume reached $60.06 million. The current market capitalization is approximately $95.2 million, an increase of $8.21 million from yesterday.
Important recent news about ORDI:
1️⃣ Magic Eden launches permanent buyback mechanism to strengthen token value support
The multi-chain trading platform Magic Eden has launched an Ordinals buyback plan, where 15% of each transaction fee will systematically be used to purchase Ordinals and include them in a permanent collection series. The automated execution feature of this mechanism means ongoing market demand support, with a fixed proportion of platform fees used for buybacks, establishing a long-term, stable buying foundation for ORDI. Such buyback plans typically enhance market expectations of the token’s long-term value.
This news is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CryptoQuant: Bitcoin and Gold Correlation Falls to Nearly 4-Year Low, Showing Clear Divergence in Trends
The correlation between Bitcoin and gold has fallen to its lowest level since November 2022, showing a clear divergence in their trajectories. Despite Bitcoin's recent rebound to $70,000, bearish pressure is intensifying, and investors need to monitor key support levels and gold price movements to gauge market direction.
GateNews3m ago
XRP breaks through $1.5 neckline, key EMA resistance determines short-term trend, potential to test $2
XRP recently broke through the $1.5 resistance level, creating a new closing high. Analysts point out that the short-term support level is at $1.5, which needs to hold to continue the uptrend. If this level breaks, the $1.42 support can be referenced as an alternative. A breakout above three EMAs is needed to confirm a bullish reversal. Market participants should pay attention to price movement and changes in technical indicators.
GateNews17m ago
Hyperliquid Price Jumps 22% as Commodity Trading Hits Record
Key Insights:
Hyperliquid surged over 20% weekly, driven by record commodity futures trading volumes, especially oil and silver contracts, gaining strong traction among traders.
Whale activity surpassed $3.6 billion in leveraged positions, boosting liquidity and reinforcing upward momentum a
CryptoFrontNews21m ago
Bitcoin Falls Below $70,000: PPI Exceeds Expectations + Powell's Hawkish Stance, Rate Cut Expectations Dampened
On March 19, Bitcoin pulled back to a key support zone due to unexpected U.S. inflation data and hawkish signals from Federal Reserve Chair Powell, declining over 4.6% and currently trading near $70,800. Market expectations for rate cuts have cooled, with the total crypto market cap declining to approximately $2.51 trillion and sentiment remaining cautious. If Bitcoin breaks below $70,000, it could potentially decline further to $65,000. Market momentum is highly dependent on macroeconomic factors.
GateNews27m ago
Bitcoin Fails to Break Higher: Why the $70,000 Level Remains Elusive? Key Indicators Reveal Upside Concerns
Bitcoin recently briefly broke through $74,000 but pulled back to around $70,800 due to selling pressure from short-term holders. While the price shows an upward trend, it faces structural resistance, and the current movement appears more like a bear market rally rather than the start of a bull market. Without effectively resisting selling pressure, it could break below the $70,000 support level. The market is still waiting for clearer signals.
GateNews34m ago
TAO Price Surges 43% Before Hitting Key Resistance: Huang Ren-hsueh AI Narrative Drives Rally, But Pullback Risks Are Accumulating
Driven by artificial intelligence narratives, Bittensor (TAO) has increased by 43% in the short term and is approaching a resistance zone, but it faces the risk of a price slowdown. Market sentiment is linked to the NVIDIA CEO's speech, and the upward momentum driven by emotions is limited. Technical indicators show overbought conditions, and a short-term pullback below $250 is possible. If it breaks through $300, it could rise to $312 or $329. Investors should pay attention to changes in market sentiment and capital flows.
GateNews58m ago
