At the time of publication, the bulk of transactions on the Bitcoin network were Bitcoin #Ordinals NFTs.

BTC's price may be impacted by declining miner revenue and rising #miner difficulty.

The industry has experienced significant growth since the introduction of Bitcoin [ $BTC ] Inscriptions and subsequent Ordinals NFTs. By surpassing the majority of the competition in terms of NFT volume, Bitcoin Ordinals have moved up to second place. Concerns were raised regarding how this rise in dominance might affect the larger #bitcoin market.