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Bitcoin exchange rate falls below $8,000

February 02, 15:13 UTC+3 MOSCOW

In early August 2017, cryptocurrency was divided into classic bitcoin and Bitcoin Cash, due to disputes about updates, which were supposed to increase the speed of transaction processing

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MOSCOW, February 2. /TASS/. Bitcoin exchange rate fell below $8,000, according to electronic cryptocurrency platform Coinmarketcap.

As of 14:50 Moscow time bitcoin rate was trading at $7,996 (decline of 11.7%).

Bitcoin is a decentralized system based on blockchain technology, which any user - participant of the system can emit, creating new blocks of the system with the help of a computing device. The concept of the system was first published in November 2008.

In early August 2017, cryptocurrency was divided into classic bitcoin and Bitcoin Cash, due to disputes about updates, which were supposed to increase the speed of transaction processing.

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