Definitely not related since Bitcoin high transaction is already there few days ago when the pump to 35k started.
Guess what, so where ordinals!
https://dune.com/queries/2433706/3998316
https://mempool.space/graphs/mempool#1m
The first day that 1sat/b tx stopped getting confirmed was the exact day the ordinals started being minted again!
Besides, the first major pump in Bitcoin price happened in the 14-16 interval, the mempool actually went down during those days!
This is really some crazy shit, frankly. It's becoming obvious this is going to be the major bane of Bitcoin, and not even the government we keep poking fingers at for its refusal to fall in line with the mass adoption thing.
So let me get this right, guys printing jpegs and paying for those around 2 million a day in fees are a treat for Bitcoin, but not the government, which can spend for example 4 million a day on a single aircraft carrier, and the US has 11 of them! Imagine they would truly want to attack Bitcoin as they see it as a threat and redirect just that money to increase the fees to attack Bitcoin, you would be paying $60 per tx by now!
