In the past week, Bitcoin's price has experienced an impressive 7% increase, raising questions about the cryptocurrency's future trajectory. As investors and market analysts eagerly assess the factors driving this surge, many are left wondering where Bitcoin is heading next and what potential obstacles it may face along the way. Ordinals, a new non-fungible token (NFT) gaining rapid popularity on the Bitcoin network, are drawing attention from institutional investors. Grayscale contends that ordinals have emerged as a result of utilizing the existing Bitcoin network and subsequent crypto developments.
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