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 Glassn...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Read More: Ordinal NFTs Push Bitcoin Network Activity to Near 2-year High – What This Means for the BTC Price?
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Coldcard’s $89M wallet bug triggers the biggest Bitcoin movement since FTX and completely distorts market signals
Coldcard’s wallet crisis has shaken Bitcoin sentiment, blurred on-chain signals and exposed a recurring weakness in AI-assisted cy...
Ethereum just outpaced Bitcoin with $365 million in ETF inflows, but on-chain data shows the real bottom isn’t in yet
Ethereum outpaced Bitcoin in July as stronger investment-product demand and corporate accumulation powered its first sustained rel...
Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.
Why a guaranteed 4.47% yield on $44 billion of US debt just raised the hurdle for Bitcoin
The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis...
Bitcoin whale transfers 730 BTC worth $46M after 4 years dormant
Dormant whale activity highlights potential market volatility and underscores the importance of security in cryptocurrency asset m...
South Korean chipmakers drag emerging-market equities lower as Bitcoin holds steady near $64K
Emerging-market equities face volatility due to concentrated risks in South Korean chipmakers, highlighting the fragility of AI-dr...