Assessing Bitcoin Ordinals resurgence as Inscriptions make new record

Interest in Bitcoin Ordinals has revived after weeks of sluggishness. Texts Inscriptions remain dominant out of all the Ordinal types.

Bitcoin Ordinals are struggling with improved activity on several marketplaces.

Ordinals Inscriptions, a collection of Non-Fungible Tokens on the Bitcoin network, have attained a new milestone.14,000. And this occurred at a time when interest in the assets seemed to have simmered down.This new landmark has helped the total Inscriptions minted to rise above 1.5 million. According to Dune Analytics, the total Inscription minted to date was 1,555,971.Ordinals Inscriptions are unique digital assets created using Bitcoin’s native scripting language.

These pieces of engraved data emerged as a result of Bitcoin’s ability to include data directly on-chain. UnlikeInstead, text Inscriptions have been at the helm of reign. Even with the recent highlight, texts took over the show again, amassing over 190,000 on 23 April mints. Images, on the other hand, could only record a meager 2174 identified.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Assessing whether Bitcoin can slide below $20,000 as FUD intensifiesThe latest Glassnode alert revealed that the amount of Bitcoin supply last active in the last two-three years just soared to a 2-year high.
Read more »

Assessing Blur’s state of affairs after the recent bug infestationBlur's bid metrics were impacted by a bug recently, leading to a drop in bids on the platform. Meanwhile, the Blur token's price trend faced challenges.
Read more »

Bitcoin could hit US$100,000 by end of 2024, Standard Chartered saysStandard Chartered said on Monday that the pathway to the US$100,000 level is ‘becoming clearer’ as the so-called ‘crypto winter’ is over
Read more »

Demand for power for bitcoin mining still high despite B.C. Hydro freezeInquiries to use B.C. Hydro grid power continue to add up while the province worries whether new connections will crowd out greenhouse gas objectives.
Read more »

Demand for power for bitcoin mining still high despite B.C. Hydro freezeB.C. Hydro hoped 2022 Bitcoin crash would bring normalcy to sector, but interest still booming while new sustainability questions arise.
Read more »

Bitcoin [BTC] prices turn the tides for traders; Is more FUD to be expectedInstitutional investors start to turn bearish against BTC as short positions against the cryptocurrency increased. Miner revenues declined, but mining companies remain largely unaffected.
Read more »