However, the tides could turn against Bitcoin soon with the arrival of selling pressure.
As mining difficulty rises, and energy costs increase, a decline in mining revenue would force miners to sell their BTC to stay afloat.However, the popularity of Bitcoin Inscriptions and Ordinals may provide some relief to these miners in the future.to fees being generated on the Bitcoin network. But the frequency with which large transactions were being made in the Bitcoin NFT space had declined. Relatively smaller transactions which were less than $1,000 were more prominent on the network.
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