The price of the Bitcoin cryptocurrency recorded an increase of 4.74% during today’s trading session, reaching its highest value since mid-April in the amount of $31,287 thousand.

According to Coindesk data, Bitcoin recorded a maximum price at 18:55 Moscow time, slowing down growth at 19:02 and settling at around $31.198 thousand (+4.48%).

It is reported that “Bitcoin” is a decentralized system for the cryptocurrency of the same name, and it is based on blockchain technology. The coin can be “mined” by any user participating in the system.

The concept of the system was published in November 2008 by its creator (or possibly a group of innovators) under the pseudonym Satoshi Nakamoto. And the peak of the popularity of bitcoin is observed only in recent years.

Source: TASS

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Robin Jackson is the editor-in-chief at 24PalNews. As an editor and author who covers business and finance, Robin shares the latest business news, trends, and insights with his extensive audience.

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