MOSCOW, February 20. /TASS/. The price of Bitcoin gained 8.86% during the trading session on Saturday reaching the highest level of $56,175, a fresh all-time high, according to the data as of 00:17 am Moscow time.

By 00:33 Moscow time, the Bitcoin price slowed down, trading at $56,018.

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.