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Bitcoin hits new all-time high, surpassing $76,000

 Published: 11:42, 7 November 2024

Bitcoin hits new all-time high, surpassing $76,000

The price of largest cryptocurrency Bitcoin rose by 9.30% to $76,400, updating the previous all-time high, according to Binance.

However, as of 05:39 GMT, Bitcoin's price slowed down and stood at $74,879.

Bitcoin is a decentralized system of a crypto currency of the same name based on the blockchain technology, which can be mined by any user - system participants. 

The concept was published in November 2008 by its author (possibly a group of authors) under the pseudonym Satoshi Nakamoto.