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Bitcoin Hits New All-Time High

Soared Over 9% In Just A Few Hours

Nov 6, 2024 09:51 61

Bitcoin Hits New All-Time High  - 1

Bitcoin price rose 9.34% to $75,118, updating the previous all-time high, according to data from the Binance platform.

Bitcoin is a decentralized system of the cryptocurrency of the same name, based on blockchain technology, which can be “mined“ by (issuing) any user who is a participant in the system. To do this, you need to create new system blocks.

The concept was published in November 2008 by its author (probably a team of authors) under the pseudonym Satoshi Nakamoto. Bitcoin's popularity has only peaked in recent years. Bitcoin emissions are naturally limited; currently most of the bitcoins are already “mined“.