{"id":221507,"date":"2023-12-31T06:57:55","date_gmt":"2023-12-31T01:27:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=221507"},"modified":"2023-12-31T06:57:55","modified_gmt":"2023-12-31T01:27:55","slug":"this-week-in-coins-bitcoin-dips-ordinals-mania-continues-solana-slows-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/this-week-in-coins-bitcoin-dips-ordinals-mania-continues-solana-slows-crypto-news\/","title":{"rendered":"This Week in Coins: Bitcoin Dips, Ordinals Mania Continues, Solana Slows &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<figure class=\"w-full max-w-full mt-4 overflow-hidden\"><figcaption class=\"m-0 text-start gg-dark:text-neutral-200 scene:font-itc-avant-garde-gothic-pro scene:text-neutral-700 scene:font-light scene:mt-1\">Illustration by Mitchell Preffer for Decrypt.<\/figcaption><\/figure>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-is-bitcoin-four-minute-instant-guide-explainer\" class=\"sc-adb616fe-0 iLQIVg\">Bitcoin<\/a> has taken a nosedive this week after rallying and is now trading well below the $44,000 per coin it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/210400\/bitcoin-breaks-above-44k-market-braces-potential-etf\" class=\"sc-adb616fe-0 iLQIVg\">touched<\/a> earlier this month.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The biggest cryptocurrency by market cap is now priced at $42,396, down nearly 4% in seven days, according to CoinGecko.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">But despite the digital coin dropping, the biggest token that runs on its blockchain was red hot: ORDI, by far the most valuable token minted using the Bitcoin BRC-20 standard, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/211185\/bitcoin-token-ordi-surges-new-high-nearing-top-50-coins\" class=\"sc-adb616fe-0 iLQIVg\">touched<\/a> a new all-time high on Friday.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Right now, it is one of the best-performing cryptocurrencies over the week\u2014it&#8217;s up over 50% in the past seven days and is trading hands for $79.17, evidence that investors are still interested in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-are-ordinals-a-beginners-guide-to-bitcoin-nfts\" class=\"sc-adb616fe-0 iLQIVg\">Ordinals<\/a> craze.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Elsewhere, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/price\/bitcoin-sv\" class=\"sc-adb616fe-0 iLQIVg\">Bitcoin SV (BSV)<\/a>, a largely unsuccessful fork of the biggest and oldest cryptocurrency, experienced a rally and is now trading for $97.80\u2014a more than 90% seven-day jump.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">That makes it the biggest winner of the week.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">And <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-is-solana-a-scalable-decentralized-network-for-dapps\" class=\"sc-adb616fe-0 iLQIVg\">Solana (SOL)<\/a>, which has experienced a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/204048\/solana-rally-price-why\" class=\"sc-adb616fe-0 iLQIVg\">tremendous comeback<\/a> throughout November and December, slowed right down (but still made gains.)<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The Ethereum competitor is no longer the fourth biggest cryptocurrency by market cap after having jumped briefly above Binance&#8217;s BNB earlier in the week.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">It is now trading for $103.04 per coin and is up only 5% over seven days.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">As a result, the popular meme token that runs on its blockchain, Bonk, also took a hit, and is now down by more than 22% over the week\u2014priced at $0.0000144.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Investors were <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/209966\/bonk-spikes-101-amid-solana-saga-sales-frenzy-to-claim-airdrop\" class=\"sc-adb616fe-0 iLQIVg\">fast snapping up<\/a> the dog-themed token but have now largely lost interest: its market cap is now sitting below the $1 billion it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/209850\/solanas-bonk-69th-largest-coin-market-cap-tops-1-billion\" class=\"sc-adb616fe-0 iLQIVg\">touched<\/a> a fortnight ago and it has\u00a0dropped to the 80th largest crypto-asset after having hit the 69th spot on December 14.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><i>Edited by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/author\/ryanozawa\" class=\"sc-adb616fe-0 iLQIVg\">Ryan Ozawa<\/a>.<\/i><\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\" \/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\" \/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl mb-6 md:text-center gg-dark:text-white\">Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Illustration by Mitchell Preffer for Decrypt. Bitcoin has taken a nosedive this week after rallying and is now trading well below the $44,000 per coin it touched earlier this month. The biggest cryptocurrency by market cap is now priced at $42,396, down nearly 4% in seven days, according to CoinGecko. But despite the digital coin [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":221508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-221507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/221507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=221507"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/221507\/revisions"}],"predecessor-version":[{"id":221510,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/221507\/revisions\/221510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/221508"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=221507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=221507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=221507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}