The price of Bitcoin extended losses to $33,670 (-17.12%) during the trading session, according to the data provided by the Coindesk portal as of 01:18 am (GMT+4), Trend reports citing TASS.
As of 01:30 am, the price of Bitcoin was down by 11.99% at $35,754.
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or 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.
21:15 (GMT+4) Bitcoin accelerated the decline to $36,848 (-9.29%) during the trading session, according to Coindesk data as of 6:40 p.m. (GMT+4), Trend reports citing TASS.
As of 7:20 p.m. (GMT+4), bitcoin reached $38,136 (-6.12%).
Bitcoin is a decentralized system of the eponymous cryptocurrency based on blockchain technology. It can be issued by any user who is a member of the system. The system concept was published in November 2008, but has exploded in popularity in recent years.