Bitcoin down by over 10% after hitting all-time record
The price of Bitcoin fell by 10.14 per cent during the trading session on Tuesday to $60,560, according to Binance platform data as of 7:56 p.m. GMT.
As of 8:01 p.m. GMT, the price of Bitcoin was down by 7.92% at $61,966.
Earlier on March 5 the price of Bitcoin hit a fresh all-time high as it reached $69,000 for the first time since November 10, 2021. According to Binance data as of3:03 p.m. GMT, the Bitcoin price was up by 8.52% at $69,031.
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or a group of people using the name Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without intermediaries.
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