Marc Andreessen – founding partner of the tech-focused VC giant Andreessen Horowitz (a16z) – is now more bullish on Ethereum and Web 3 than he is on Bitcoin, contrary to his outlook in 2014.

The “real” risks of the bitcoin system.

The Ordinal NFTs have received mixed reactions in the crypto community. Some feel that this exploration of the Bitcoin network is a step in the right direction that may offer more opportunities in the future.

Bitcoin is still looking at triage to leading institutions like the investment management firm Ark Invest. Doubling down on its previous Bitcoin price prediction, Ark Invest maintains the conviction that Bitcoin will end the decade with a price of over $1 million.

A week after Bitcoin’s controversial NFT platform rocked the centre of crypto discussions, transaction fees on the blockchain are beginning to see a significant surge.

Despite its price toning down after a bullish rally of the cryptocurrency market in January, the sentiment around Bitcoin (BTC) remains optimistic, as its chart patterns are giving off a buy signal, and several pointers suggest that the maiden digital asset has left the bear market.

In March 2020, the most amount of Bitcoin (BTC) was sitting on exchanges at 3.2M BTC.

Bitcoin (BTC) is again under pressure as the leading cryptocurrency briefly sank to a four-week low of $22,408 on Thursday morning before climbing back to prices of around $22,715 by press time, according to CoinGecko.

Bitcoin slipped back below US$23,000 on Thursday morning in Asia, tracking the fall in U.S. equity markets overnight amid comments from Federal Reserve officials that the fight to curb inflation is far from over. Ether fell along with most other top 10 non-stablecoin cryptocurrencies, with Polygon the only one on the list to move higher. The crypto market capitalization fell 1.2% to US$1.07 trillion in the 24 hours, with total trading volume declining 3% to US$58.69 billion. (forkast)

Crypto derivatives firm BitMEX has identified over 13,000 Ordinals NFTs on the Bitcoin blockchain, evidence that buzz about a still-young flavor of non-fungible tokens is growing fast.