Bitcoin Inscription Number 76 Sells for $60,000 in Latest Sub-100 Ordinals Sale
BTC Inc., through its Ordinals-focused division Rare BTC, has brokered the sale of inscription number 76 for 1.7 BTC, which is equivalent to approximately $61,000 at the time of sale.The sale is indicative of the active...
BTC Inc., through its Ordinals-focused division Rare BTC, has brokered the sale of inscription number 76 for 1.7 BTC, which is equivalent to approximately $61,000 at the time of sale.
The sale is indicative of the active interest and perceived value in the Ordinals space, with Rare BTC positioning itself as a key player in the market for these distinctive bitcoin-based digital artifacts and unique satoshis.
The bitcoin ecosystem saw Ordinals generate a craze earlier this year, between May and June, with trading volume nearing that seen on Ethereum NFTs and leading to a spike in bitcoin fees. After a somewhat dull summer, Ordinals activity is back and already nearing the highs seen in May. Notably, yesterday public Ordinals trading volume in the preceding 24 hours surpassed Ethereum NFT’s for the first time.
Rare BTC specializes in the sale of rare satoshis and Sub-100 Ordinals, considered to be highly sought after in the digital collectibles space. This recent transaction follows a previous successful brokerage by Rare BTC, where inscription number 20 was sold for 3 BTC.
The company’s role in the Ordinals market includes connecting collectors, artists, and independent brokers to facilitate transactions. BTC Inc.'s established network within the Bitcoin community and its reputation for reliability play a crucial part in completing these sales, particularly as it offers escrow services to ensure secure exchanges between buyers and sellers.
Those interested in acquiring or selling prime Ordinal inscriptions, or seeking brokerage partnerships, can reach out to Rare BTC through their email at [email protected] or DM on Twitter (X). Further information about their services and offerings can be accessed on their website.
Bitcoin Magazine was a pioneer in the Ordinals space, having inscribed its own historic print magazine covers into the bitcoin blockchain among the first 100,000 inscriptions. The oldest cover, Historic Cover #1, sold for 1.25 BTC at auction.
Original source
Read on Bitcoin MagazineRelated market context
SpaceX-linked products see $9B in trading, $5.6B on Binance in 24 hours
The surge in SpaceX-linked crypto trading highlights the growing role of digital assets as a parallel financial market, influencin...
Saylor Defends First Bitcoin Sale Since 2022 as Exchanges Cancel SpaceX Tokenised IPO and SBF Loses Appeal
Michael Saylor defends Strategy's first Bitcoin sale since 2022, exchanges cancel tokenised SpaceX IPO campaigns, and Sam Bankman-...
SpaceX sees rapid ETF adoption as holders surge from 4 to 40 on first trading day
SpaceX's rapid ETF adoption highlights the growing investor confidence in the space economy, setting high expectations for sustain...
Bitcoin sales are necessary for Strategy's digital credit business, Saylor says
Strategy's recent Bitcoin sale appeared to clash with Saylor's "never sell" mantra, but he says the move reflects how the company'...
CFTC Staff No-Action Letter Opens Path For True Digital Commodity Perpetuals
TL;DR CFTC staff issued no-action guidance related to digital commodity perpetual futures. The relief applies to CFTC-registered d...
Elon Musk SpaceX AI Predicts Incredible Bitcoin Price For Next 30 Days
Here is the thing about capitulation calls. They only sound smart in hindsight. Right now, with Bitcoin price scraping along the l...