The price of Bitcoin experienced a significant downturn during Tuesday’s trading session, plummeting by 10.14% to $60,560, as reported by Binance platform data at 10:56 p.m. Moscow time (7:56 p.m. GMT). Subsequently, at 11:01 p.m. Moscow time (8:01 p.m. GMT), Bitcoin continued its decline, registering a 7.92% decrease to $61,966.
This drop follows a recent peak on 5 March, where Bitcoin achieved an all-time high of $69,000, the first time since 10 November 2021. At 6:03 p.m. Moscow time (3:03 p.m. GMT) on that day, according to Binance data, Bitcoin’s price showed an 8.52% increase, reaching $69,031.
Bitcoin, created in 2008 by the mysterious Satoshi Nakamoto, operates as a decentralized digital currency, functioning on a peer-to-peer network without the need for intermediaries or a central administrator.
