MOSCOW, July 5, 2024 (BSS/TASS) - The price of Bitcoin fell to $54,922 during trading session on Friday, according to Binance platform data as of 7:15 a.m. Moscow time (4:15 a.m. GMT).

By 7:31 a.m. Moscow time (4:31 a.m. GMT) the price of Bitcoin had slightly narrowed losses to $54,451.

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or a 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.