Bitcoin (BTC) Price Weekly Update: Floating over $7506.21

Bitcoin (BTC) Price Weekly Update: Floating over $7506.21

In the course of recent weeks, the build-up around Bitcoin (BTC), has decreased and it is nowhere near what it was in the long stretch of January, this year. BTC soared high on January 05 at 17,527 USD. So far it hasn’t been able to reach that level again but remains steady in the range of 7100 USD to 7714.67 USD without much trouble.

A review of Bitcoin (BTC) over the week shows  BTC at 7714.67 USD on May 24 after which it goes downhill and currently stands at 7506.21 USD. Although Bitcoin (BTC) has dropped by 208.45 USD over the week it is still unsure whether BTC will go upwards or downwards in the coming days.

There has been an increase of 0.02% in the last 24 hours and BTC faces resistance at the 7506.21 USD mark. As of now, it stands on the 1st rank with a market cap of 128 billion USD.

In other news, German prosecutors have sold seized advanced cash in the region of Bavaria. The seizes cryptocurrency amounts to €12 million. This is the greatest seized deal ever seen in the German history as reported by the news reports of Der Tagesspiegel.

As far as the reports suggest, the arrangement included 1312 Bitcoins  [BTC], regardless of crucial measures of other advanced financial structures, including 1399 Bitcoin Cash [BCH], 1312 Bitcoin Gold [BTG] and 220 Ethereum [ETH]. Computerized types of cash, which were seized out the middle of the criminal plans were sold over a period of two months in 1,600 individual trades.

The total was assembled in the midst of criminal methods against “Lesen und Laushen”, which is an online platform that offered more than 200,000 ebooks. Furthermore, they offered book recordings genuinely by asking as small as a couple of pennies as a portion. According to Der Tagesspiegel, around 30,000 people used the platform.

The prosecutors reported:

“Since all cryptocurrencies are exposed to the risk of high price fluctuations or even total loss, the Bayern Central Cybercrime Office ordered an emergency sale.”

The Bulgarian police seized 213,519 Bitcoin (BTC) a year back raided a group that was selecting ruffian customs officers. The total worth at that time was 3.3 billion USD, enough to pay off one-fifth of Bulgaria’s national commitment.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.