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cryptonews

2023-02-09 22:00:00

Ordinal NFTs Push Bitcoin Network Activity to Near 2-year High – What This Means for the BTC Price?

Ordinal NFTs Push Bitcoin Network Activity to Near 2-year High – What This Means for the BTC Price?

The 14-Day Exponential Moving Average (EMA) of the number of transactions taking place on the Bitcoin network hit its highest level since April 2021 earlier this month, according to data from crypto analytics firm Glassnode. The 14-Day EMA of transactions recently surpassed 300,000, with analysts and cryptocurrency market commentators citing the recently deployed Bitcoin NFT protocol called Ordinals.... Read More: Ordinal NFTs Push Bitcoin Network Activity to Near 2-year High – What This Means for the BTC Price?

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