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Bitcoin surpasses $50,000 for the first time

The price of the cryptocurrency has renewed its historical maximum

MOSCOW, February 16. /TASS/. Bitcoin grew by 5.65% and peaked at $50,645 on Tuesday. Thus, the price of the cryptocurrency has renewed its historical maximum.

As of 15:46 Moscow time, bitcoin slowed its growth to 3.4% and was at $49,565.

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.