![Bitcoin (BTC) Price Rally Draws 'Quiet' Retail Participation, Likely Driven Bitcoin on-chain volume (IntoTheBlock)](https://btcusa.com/wp-content/uploads/2024/02/Bitcoin-BTC-Price-Rally-Draws-Quiet-Retail-Participation-Likely-Driven-678x381.jpg)
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Similarly, the number of new Bitcoin addresses is steady and has cooled from a spike late last year, likely due to the Ordinals frenzy. The Ordinals protocol allows users to store non-fungible tokens (NFT) on Bitcoin called inscriptions and saw a surge last year in popularity, clogging the network and driving up transaction fees.
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