(VIANEWS) – Finland needs a broker in order to buy a Bitcoin stash that has been seized during drug busts.
Bloomberg Quint reported that the Nordic country’s customs authorities, sitting on 1,981 bitcoins that were forfeited by the state under a court order, opened a search for brokers on Thursday to convert them into hard currency.
The major goal of Finnish Customs is to ensure that cryptocurrencies are traded in a safe manner, therefore avoiding further money laundering and illegal activities.
The assets could not also be utilized as a form of payment or investment, and any sales should take place largely through public auctions rather than commercial exchanges, which the Treasury branded as untrustworthy and opaque.
Bitcoin (BTC-USD) Cryptocurrency is currently on bullish momentum by 4.05% in the last 6 hours. At 22:40 EST on Friday, 30 July, Bitcoin (BTC-USD) is at $42,114.0000.
Today’s last reported volume for Bitcoin is 37792507748, 23.5% below its average volume of 49401127963.2.
All-Time High and Low
Bitcoin’s current value is at $42114, 35.01% below its all-time high of $64805 on Wednesday, 14 April.
Bitcoin’s current value is at $42114, 62006.64% above its all time low of $64805 on Saturday, 6 July.
Market Cap and Supply
Bitcoin’s current market cap is at 791154749319. The total supply is 21,000,000.00, maximum supply is 21,000,000.00, and the circulating supply is 18,771,768.00.
Currently, Bitcoin (BTC-USD) has 2982211 Twitter followers and 3228732 Reddit subscribers.
As of now, on Github, there are 29494 forks, 55888 stars, and 3836 subscribers.
Bitcoin’s last week, last month’s, and last quarter’s current volatility was 3.65%, 0.61%, and 3.95%, respectively.
Bitcoin’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 4.78% (last week), 3.06% (last month), and 3.95% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Bitcoin’s crypto is considered to be oversold (<=20).
Other News About Bitcoin (BTC-USD)
Brokers sought for $78 million of Bitcoin seized in finnish drug bust. According to Bloomberg Quint on Thursday, 29 July, “Finland is looking for a broker to sell a Bitcoin stash worth more than $78 million that was seized in drug busts.”
Btc/usd forecast: Bitcoin calms down – 28 July 2021. According to DailyForex on Wednesday, 28 July, “The next couple of days will be crucial for the Bitcoin market, as we are still stuck between the $30,000 level on the bottom and the $40,000 level on the top.”, “There is a huge amount of Bitcoin transacted using Tether, so the actual fallout from that situation could be impactful. ”
Microstrategy Bitcoin bet is a win and a loss at the same time. According to Bloomberg Quint on Friday, 30 July, “MicroStrategy Inc.’s big, and growing, bet on Bitcoin has the company sitting on massive paper gains despite having to write off millions in accounting charges related to the token.”, “That nominal gain is also more than three-times the revenue generated by the company since it adopted Bitcoin as its primary treasury asset last August.”
Bitcoin gains ground on institutional adoption – 29 July 2021. According to DailyForex on Thursday, 29 July, “On Sunday, Bitcoin managed to hit the 39,000 level, which is remarkable considering that it recently fell below the 30,000 level after a sell-off in stocks and an increase in risk aversion.”, “Elon Musk recently commented in a conference that Tesla is considering receiving Bitcoin again as a medium of payment, arguing that miners are now using more sources of renewable energy.”
More news about Bitcoin (BTC-USD).