Assessing Bitcoin Ordinals’ crest and trough season since July
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="1200" height="900" />)
The total number of inscriptions on the Bitcoin blockchain has surpassed 24 million.
Bitcoin NFTs were no more in the top five with respect to volume.
Over the past few months, Bitcoin Ordinals witnessed an interplay of highs and lows, marking significant shifts in the ecosystem. At press time, the total inscriptions minted till data had surpassed 24 million.
Read Bitcoin’s [BTC] Price Prediction 2023-2024
Bottoms through the peaks
Data from Dune Analytics showed that BTC Ordinals crossing the 24 million landmark could be linked to a hike in daily inscriptions. On 14 August, the daily inscriptions minted on the Bitcoin blockchain was 317, 350. This represented the highest number over the last week.
3 comments