बिटकॉइन ने ऑर्डिनल NFT उन्माद के बीच $25K की तेज़ उछाल को दर्ज किया

The crypto market ने फरवरी की गिरावट को उलट दिया है, क्योंकि पिछले कुछ घंटों में नवीनीकृत उछाल के कारण, जैसा कि कुल बाजार पूंजी में परिलक्षित होता है, जिसने बुधवार देर से $1.1 ट्रिलियन का स्तर फिर से हासिल कर लिया है।

Bitcoin breaches $24,500 for the first time in February

Bitcoin ने दोपहर (EST समय) के आसपास शुरू हुए 7 घंटे में अपनी कीमत में लगभग $2,000 की बड़ी वृद्धि दर्ज की, जिससे CoinMarketCap डेटा के अनुसार यह $24,769 के आठ महीने के उच्चतम स्तर तक पहुंच गया। उल्लेखनीय है कि बिटकॉइन ने इस रेंज के पास आखिरी बार 13 जून को ट्रेड किया था। हालांकि प्रमुख क्रिप्टोकरेंसी अब $24,695 पर ठंडी पड़ गई है, जहाँ लेखन के समय यह देखी गई थी, फिर भी यह पिछले 24 घंटों में 11.86% बढ़ी हुई है।

The green action has taken root across the altcoin markets as well, led by Ethereum’s native token, Ether which was spotted at $1,690 at the time of writing. Avalanche (AVAX), Solana (SOL) and Aptos (APT) were also all trading higher double digits in the same time frame.The latest midweek price action adds to a display of volatility since the start of the year as the broader crypto asset class attempts to break from a bearish cycle. The flagship cryptocurrency’s price has benefited from several influences, including relatively constrained volatility in stocks and bonds and a weakening US dollar from a macroeconomic perspective. The emergence of and excitement around the NFT-like project, Ordinals, which launched on the Bitcoin mainnet on Jan 21 has also helped fuel the rally.To learn more about Aptos, check out our एप्टोस में निवेश guide.

Ordinal and other catalysts have made Bitcoin one of the most sensitive liquidity plays

Several users, developers and major brands have joined the bandwagon looking to inscribe media content on the network. Ordinals inscriptions are carried directly on satoshis, the lowest denomination of a Bitcoin and don’t require a side-chain or token. These inscriptions leverage the Segregated Witness (SegWit) and Taproot upgrades. The 2017 SegWit upgrade increased Bitcoin’s block capacity to four megabytes (MB), while the Taproot soft work helps verify bundled transactions below a 4 MBs threshold size.

Dune Analytics data shows that the number of inscriptions on Bitcoin’s network has surpassed the 114,000 mark, with notable names like Solana NFT collection DeGods carrying out inscriptions. It is worth noting that this figure and adoption rate takes into account that inscribing is a complex process involving the maintenance of a fully synchronized Bitcoin node. On-chain data confirms that the protocol’s implementation has resulted in a notable change in demand for network resources/ block space.

The rapid momentum in the number of Ordinals ‘minted’ on the network resulted in taproot adoption and utilization surging to record highs over a 7DMA, as observed by Glassnode. The average block size has also increased as a result of flocking users. The upper range of mean block size has nearly doubled from 1.5–2 MB before the protocol broke out to around 3.5 MB. In addition to the uptick in Bitcoin network usage, the hype has also helped propel the count of non-zero Bitcoin addresses to a record high of 44 million, Glassnode data shows.

Concerns and benefits

The rise of the Ordinals protocol sparked a debate within the Bitcoin and broader crypto community. Notably, this is the first time the Bitcoin network has been leveraged for a मौद्रिक-से संबंधित लेनदेन के बाहर उपयोग केस, prompting push back from Bitcoin purists. Bitcoin developers especially worry that the newfound NFT project – which involves new file types entering the network – could impact the ecosystem. These critics argue that the popularity of Ordinals could create a bloat scenario by taking up block space meant to support financial transactions, resulting in a slow and expensive network.

Proponents, on the other hand, posit that the project stands to benefit the Bitcoin network in the long run, उल्लेख करते हुए the higher fees resulting from the competition for block space demand. The Ordinals project has rewarded miners nearly $850,000 in BTC transaction fees thus far.

The mixed reception which has divided the community has seemingly worked for the good of the network and market. Thus far, the felt impact of the Ordinals creation has quelled criticism from the majority of longtime Bitcoin followers who consider it misleading from the सतोशी नाकामोटो के व्हाइटपेपर as outlined in the whitepaper.

To learn more about Bitcoin, check out our बिटकॉइन में निवेश guide.