Bitcoin is approaching the $70,000 mark, and if it succeeds in this, it is believed to trigger a long-awaited bull market. In the meantime, the Rune market needs to endure more liquidity tests on CEXs and swap products to ensure its growth and success.
This market’s growth is seen as indicative of a potential bull market. In anticipation, assets in the Bitcoin ecosystem have experienced gains. However, the revival of OP_CAT on the Bitcoin mainnet is crucial to establishing smart contracts and opening up the ecosystem further.
If successful, it could shift Bitcoin’s narrative from conservation to openness, but whether this will happen during the bull market remains uncertain. The popularity of BRC-20’s $ORDI and $SATS has boostd by up to 25% and 15% respectively in the past week.
In the Rune Market, the rise of Bitcoin Puppets artists like GIZMO•IMAGINARY•KITTEN, KODA•FLUFFINGTON, and POOKA•CANNOT•BE•STOPPED is noteworthy.
