MOSCOW, January 21. /TASS/. The price of Bitcoin fell by 11.73% during the trading session on Thursday to the level of $31,304, according to CoinDesk portal data.

Bitcoin has demonstrated record-breaking growth over recent months. On January 8, the bitcoin price was at all-time high level, above $41,000.

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.