BTC Price Slips by over 10% After Hitting Fresh All-Time High
TEHRAN (Tasnim) – The price of Bitcoin (BTC) fell by 10.14% during the trading session on Tuesday to $60,560, according to data released on the Binance platform.
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 of 6:03 p.m. Moscow time (3:03 p.m. GMT), the Bitcoin price was up by 8.52% at $69,031, TASS reported.
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.
The price of Bitcoin (BTC) ramped up by 7.56% during the trading session on Monday and climbed to $67,399, Binance platform trading data announced on March 05.
