MOSCOW, March 15. /TASS/. Bitcoin fell by 5.8% to $55,553, CoinDesk reported on Monday.
At the peak decline at 12:41 Moscow time, the cryptocurrency lost 7.5%, reaching $54,568.
Bitcoin price is declining after rising in the previous days. Thus, on March 13, the price of the cryptocurrency exceeded $59,000 and updated its historical maximum.
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.