Bitcoin Price Hits New Record, Exceeding $90,000 for First Time in History

15:36, 13 November 2024

MOSCOW (Sputnik) - Bitcoin is the first decentralized cryptocurrency, operating on a peer-to-peer network where transactions are verified and recorded on a public blockchain without any central authority.

Sputnik

The price of bitcoin hit a new all-time record on Wednesday, exceeding $90,000, trading data showed.

As of 14:34 GMT, Bitcoin was trading at $90,987 on the largest cryptocurrency trading volume exchange Binance, reflecting a daily increase of 6.47%. The historical high at this time amounts to $91,000.

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According to CoinMarketCap, which averages prices from over 20 exchanges, Bitcoin's price rose by 6.49% to an average of $90,954 in the last 24 hours.

Bitcoin continues to rise in price amid news of Donald Trump's victory in the US presidential election. On November 6, the cryptocurrency rose by almost 9%.