MOSCOW, February 22. /TASS/. The price of Bitcoin is dropping by 16.99% during the trading session to the level of $47,944, according to CoinDesk portal data as of 17:16 Moscow time.

Earlier, the Bitcoin price set a new all-time high record surpassing $58,000.

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.