Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

2025-05-22

XRP price to crash 30% if this happens

2025-05-22

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin [BTC] ordinal numbers are under scrutiny, but traders remain optimistic
Bitcoin

Bitcoin [BTC] ordinal numbers are under scrutiny, but traders remain optimistic

2023-05-13No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Bitcoin Ordinals are criticized by few in the crypto industry. Despite the criticism, interest in Ordinals remains high.
  • Traders remain positive as the put-to-call ratio declines.

In recent months, the introduction of ordinal numbers and inscriptions on the Bitcoin has taken place [BTC] network has revived the protocol. With activity rising resulting in high fees generated by the miners, the overall sentiment around BTC’s recent development remained positive.


Read Bitcoin (BTC) Price Prediction 2023-24


Much to say

However, some prominent figures in the crypto space have begun to criticize this technology.

For example, Enrico Rubboli, CEO of Bitcoin’s layer-2 sidechain Mintlayer, informed Cointelegraph that he says the technology supporting Ordinals is “deeply flawed” and doesn’t align with the “axioms of the core Bitcoin community.”

Rubboli also expressed concern that Ordinals could receive more regulatory oversight of Bitcoin. This was because the new BRC-20 tokens could be considered unregulated securities.

While there was some backlash from Bitcoin “purists” regarding the introduction of tokens, many came forward to support the technology.

Alex Strzesniewski, AngleBlock’s founder, said it is not appropriate for any platform to censor transactions and determine which are considered “valid” or “invalid”.

Interest in Ordinals was largely unaffected by these comments. The data from Dune Analytics indicated that the volume of Ordinal transactions continued to increase over the past few days.

Source: Dune analysis

At the time of writing, 87.7% of all Inscription transaction activity is attributed to text-based inscriptions. Image-based inscriptions accounted for 8.2% of total activity.

This spike in ordinal activity also led to an increase in the fees paid to the miners. Due to all these factors, the positive sentiment around Bitcoin started to rise.

See also  Why Bitcoin short-term holders should not accept defeat yet

In addition, activity on the network also began to increase.

Source: Sentiment

The interaction

Traders are starting to show bullish sentiment towards BTC. This was reflected in the falling put-to-call ratio.


Is your wallet green? Check out the Bitcoin Profit Calculator


A fall in the put-to-call ratio means there are fewer put options relative to call options, showing that more traders are betting on a bullish price move for Bitcoin.

At the time of writing, Bitcoin was trading at $26,371.99 and the price was down 3.81% according to CoinMarketCap. Only time will tell if traders’ optimism will work out in their favour.

Source: The Block

Source link

Bitcoin BTC Numbers Optimistic Ordinal remain scrutiny traders
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

2025-05-22

Strive Eyes 75,000 Mt. Gox bitcoin to build treasure chest prior to merger

2025-05-22

The price of Bitcoin affects ATH of $ 111,000 if open interest rises to $ 72 billion – details

2025-05-22

Bitcoin price rays to New All Time Bulls takes the lead

2025-05-22
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Analyst Says It’s Time for Bitcoin Rallies, Updates Forecast on FET and Solana-based Memecoin

2024-10-15

Bitcoin ABC releases urgent hotfix in latest update

2024-04-07

DMarket Takes NFT Sales Lead from CryptoPunks

2024-08-23
Editors Picks

Injective’s TVL is up 61%: is this enough to offset the retail sell-off?

2024-11-21

POPCAT is targeting a 30% rally, a 1:4 risk-reward opportunity

2024-11-02

Binance Coin: Traders looking to short BNB should read this

2023-08-31

Animoca Brands Japan facilitates the expansion of overseas Web3 projects to Japan

2024-04-03
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

XRP price to crash 30% if this happens

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,753.214.00%
  • ethereumEthereum(ETH)$2,664.584.39%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.433.10%
  • binancecoinBNB(BNB)$683.464.84%
  • solanaSolana(SOL)$178.845.99%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2436347.66%
  • cardanoCardano(ADA)$0.806.06%
  • tronTRON(TRX)$0.2730860.79%
  • suiSui(SUI)$4.168.36%
  • chainlinkChainlink(LINK)$16.594.53%
  • hyperliquidHyperliquid(HYPE)$31.3018.82%
  • avalanche-2Avalanche(AVAX)$24.438.27%
  • stellarStellar(XLM)$0.3003994.04%
  • shiba-inuShiba Inu(SHIB)$0.0000155.88%
  • hedera-hashgraphHedera(HBAR)$0.2036873.73%
  • bitcoin-cashBitcoin Cash(BCH)$419.585.28%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.83%
  • the-open-networkToncoin(TON)$3.184.44%
  • polkadotPolkadot(DOT)$4.904.86%
  • litecoinLitecoin(LTC)$99.425.04%
  • moneroMonero(XMR)$398.078.57%
  • bitget-tokenBitget Token(BGB)$5.282.37%
  • pepePepe(PEPE)$0.0000157.81%
  • piPi(PI)$0.844.39%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$472.8313.20%
  • uniswapUniswap(UNI)$6.462.26%
  • aaveAave(AAVE)$256.55-1.11%
  • nearNEAR Protocol(NEAR)$2.997.21%
  • aptosAptos(APT)$5.445.78%
  • ondo-financeOndo(ONDO)$1.027.76%
  • okbOKB(OKB)$53.071.95%
  • kaspaKaspa(KAS)$0.1165495.69%
  • ethereum-classicEthereum Classic(ETC)$19.656.16%
  • internet-computerInternet Computer(ICP)$5.575.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.612.83%
  • gatechain-tokenGateToken(GT)$21.841.20%
  • crypto-com-chainCronos(CRO)$0.1004894.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2520028.73%
  • vechainVeChain(VET)$0.0303556.80%
  • render-tokenRender(RENDER)$5.048.08%
  • mantleMantle(MNT)$0.761.80%
  • ethenaEthena(ENA)$0.4168059.45%
  • usd1World Liberty Financial USD(USD1)$1.000.11%
  • arbitrumArbitrum(ARB)$0.4291528.23%
  • algorandAlgorand(ALGO)$0.2396266.33%
  • filecoinFilecoin(FIL)$3.056.72%
  • bitcoinBitcoin(BTC)$110,753.214.00%
  • ethereumEthereum(ETH)$2,664.584.39%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.433.10%
  • binancecoinBNB(BNB)$683.464.84%
  • solanaSolana(SOL)$178.845.99%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2436347.66%
  • cardanoCardano(ADA)$0.806.06%
  • tronTRON(TRX)$0.2730860.79%
  • suiSui(SUI)$4.168.36%
  • chainlinkChainlink(LINK)$16.594.53%
  • hyperliquidHyperliquid(HYPE)$31.3018.82%
  • avalanche-2Avalanche(AVAX)$24.438.27%
  • stellarStellar(XLM)$0.3003994.04%
  • shiba-inuShiba Inu(SHIB)$0.0000155.88%
  • hedera-hashgraphHedera(HBAR)$0.2036873.73%
  • bitcoin-cashBitcoin Cash(BCH)$419.585.28%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.83%
  • the-open-networkToncoin(TON)$3.184.44%
  • polkadotPolkadot(DOT)$4.904.86%
  • litecoinLitecoin(LTC)$99.425.04%
  • moneroMonero(XMR)$398.078.57%
  • bitget-tokenBitget Token(BGB)$5.282.37%
  • pepePepe(PEPE)$0.0000157.81%
  • piPi(PI)$0.844.39%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$472.8313.20%
  • uniswapUniswap(UNI)$6.462.26%
  • aaveAave(AAVE)$256.55-1.11%
  • nearNEAR Protocol(NEAR)$2.997.21%
  • aptosAptos(APT)$5.445.78%
  • ondo-financeOndo(ONDO)$1.027.76%
  • okbOKB(OKB)$53.071.95%
  • kaspaKaspa(KAS)$0.1165495.69%
  • ethereum-classicEthereum Classic(ETC)$19.656.16%
  • internet-computerInternet Computer(ICP)$5.575.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.612.83%
  • gatechain-tokenGateToken(GT)$21.841.20%
  • crypto-com-chainCronos(CRO)$0.1004894.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2520028.73%
  • vechainVeChain(VET)$0.0303556.80%
  • render-tokenRender(RENDER)$5.048.08%
  • mantleMantle(MNT)$0.761.80%
  • ethenaEthena(ENA)$0.4168059.45%
  • usd1World Liberty Financial USD(USD1)$1.000.11%
  • arbitrumArbitrum(ARB)$0.4291528.23%
  • algorandAlgorand(ALGO)$0.2396266.33%
  • filecoinFilecoin(FIL)$3.056.72%