Mike McGlone Shares Insight into Next Direction for Bitcoin Price

The expert's commentary comes at a time when the Bitcoin network is experiencing unusual congestion fueled by the hoard of Ordinals that have made their way to the protocol. The congestion got so clogged at one point over the weekend that it forced big trading platforms like Binance to temporarily halt some transactions.

The sensitivity in the security of the Bitcoin network has reignited sentiment about the likelihood of success of smart contracts on the oldest blockchain as that now represents the new narrative being championed by RSK Infrastructure Framework and other protocols.The crypto ecosystem has recorded a very impressive growth trend since the start of the year compared to the mainstream tech sector.

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