Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has now settled at 780 EH/s, based on the seven-day simple moving average (SMA). This reduction, equivalent […]
Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools
The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the NFT sector. However, the slump in Bitcoin Ordinals is […]