Bitcoin has taken a nosedive this week after rallying and is now trading well below the $44,000 it touched earlier this month.
According to CoinGecko, the largest cryptocurrency in market value is now at $42,396, down 4% in seven days.
But despite the digital coin's slide, the biggest token operating on the blockchain was red hot: ORDI, the most valuable token built using Bitcoin's BRC-20 standard, hit a new all-time high on Friday.
Right now, it's one of the best-performing cryptocurrencies of the week—it's up more than 50% in the past seven days and is trading at $79.17, evidence that investors are still interested in the Ordinals craze.
Elsewhere, Bitcoin SV (BSV), the largest and oldest cryptocurrency fork that failed largely, experienced a rally and is now trading at $97.80 – a seven-day jump of more than 90%.
That makes it the biggest winner of the week.
And Solana (SOL), which had a great comeback throughout November and December, actually slowed down (but still turned a profit).
Ethereum's rival is no longer the fourth-largest cryptocurrency by market capitalization after briefly leapfrogging Binance's BNB earlier in the week.
It is now trading at $103.04 per coin, up 5% in seven days.
As a result, the popular meme token that runs on the Bonk blockchain also took a hit, and is now down more than 22% in a week – its price is $0.0000144.
Investors have been snapping up the dog-centric token but have now lost interest: its market cap now sits below the $1 billion it touched two weeks ago, and has dropped to the 80th largest crypto-asset after peaking at 69th. December 14.
Edited by Ryan Ozawa.
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