Bitcoin down more than 10% to $48,604 – Business & Economy

MOSCOW, February 23. / TASS /. Bitcoin after the opening of buying and selling down by 10.23%, reaching $48,604 in accordance with buying and selling information at 08:39 Moscow time. As of 08:44 Moscow time, the bitcoin fee was at $49,754 (-8.1%).

On February 21, the value of the cryptocurrency exceeded $ 58,000 updating the historic most. Bitcoin is a cryptocurrency invented in 2008 by an unknown particular person or group of individuals utilizing the identify Satoshi Nakamoto. It’s a decentralized digital foreign money with out a central financial institution or single administrator that may be despatched from person to person on the peer-to-peer bitcoin community with out intermediaries. Bitcoin’s reputation has solely peaked in recent times.