MOSCOW, March 1. /TASS/. Bitcoin rose by 7.34%, at its peak reaching $48,552 on Monday.

As of 16:22 Moscow time, the price of the cryptocurrency was at the level of $48,317 (+6.82%).

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.