A recently held auction at CoinEx Global featured the sale of an “epic satoshi” from the fourth Bitcoin (BTC) halving block, which fetched 2.1 million dollars. This rare satoshi block, uniquely sequenced, sold for 33.3 BTC, demonstrating the serious approach of collectors worldwide.
Current Bitcoin Situation
During the auction organized by CoinEx, an epic satoshi was publicly sold for the first time in history. This process generated intense global interest, leading to competitive price offers. It’s important to remember that a Satoshi represents the smallest unit of Bitcoin, one hundred millionth of a single BTC.
An epic satoshi or “epic sat” corresponds to the first satoshi of a block mined after the reward halving.
This special Satoshi, mined by the Bitcoin mining pool ViaBTC on April 20, 2024, from the 840,000th block, has a unique serial number of 1,968,750,000,000,000 and marks its place in crypto history as the first SAT of the fourth Bitcoin halving period.
Considering that four halvings have occurred, there are only four such Satoshis. According to a blog post shared by CoinEx, these epic satoshis, called unique assets, are significant due to their rarity and the importance they hold at the moment of their emergence.
The auction for this Satoshi started on April 23, 2024, at 16:00 UTC and found a new owner after approximately two days of bidding. The process, which started with a bid of 1 BTC, received 35 bids, showcasing the value of Bitcoin and the mentioned Satoshi.
BTC Price Analysis
As of this writing, Bitcoin is trading at $63,500. Considering the current Bitcoin price, the winning bid in the epic SAT auction reached 33.3 BTC, approximately 2.1 million dollars.
Considering that a Bitcoin can be divided into 100 million Satoshis (sat), the real Bitcoin value of this special epic sat is approximately $0.00064.
Following today’s market drop, Bitcoin’s market cap has returned to the $1,250 billion level, which is still below the critical $1.3 billion mark.
The 24-hour trading volume was at $28 billion after a 15% drop.
