Ever since their introduction at the start of 2023 ordinals have made waves shaking up not only Bitcoin’s network but the entire crypto sector as the swells continue to rise. To those who have flocked to Bitcoin beach to ride the Satoshi surf there has never been a more exciting time to visit the usually isolated island.
Bitcoin is trading lower slightly today, down $136 or 0.5% as of 7:40 EDT. We have seen muted action lately not giving us many hints as to the future direction of the asset other than Friday’s exaggerated low.
The CPI report for April 2023 was released earlier today showing that overall inflation is slowly calming down however services and food cost remain sticky.
