US Government Auctions Seized Litecoin and Bitcoin

The US General Services Administration, which sells surplus federal assets like office furniture, residences, and tractors, has announced that bitcoin and litecoin with a total market worth of $377,000 dollars will be auctioned off.

This four-day auction ends at 5 p.m. ET on Monday, with the possibility to extend the deadline to accommodate last-minute bids. Litecoin will be available for the first time on GSA Auctions in this auction.

To submit a bid, you must first register, and the winning bidder must pay by wire transfer no later than June 23, 2021. To get the item, the winning bidder will also need a digital wallet. There may be network transaction costs. GSA will not hold an inspection day because there is no tangible asset up for bid.

On the market, there are eleven lots of cryptocurrencies, comprising 8.93 bitcoins and 150.2 litecoins. According to a document on the GSA's auction website, the litecoins were seized from a taxpayer for failing to pay internal revenue taxes.

Litcoin Price: $139.66

Market Cap: $9,322,614,687
Litecoin's current price is $139.63 USD, with a 24-hour trading volume of $2,28,28,41,793 USD. In the last 24 hours, Litecoin has dropped 8.06 percent. With a live market cap of $9,32,06,29,225 USD, CoinMarketCap now ranks 13th.

Bitcoin Price: $33,025.04

Market Cap: $618,883,159,654
With a 24-hour trading volume of $43,98,34,71,540 USD, the current Bitcoin price is $32,959.73 USD. In the previous 24 hours, Bitcoin has lost 6.78 percent of its value. With a live market cap of $6,17,65,93,82,926 USD, CoinMarketCap currently ranks #1.

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