Moscow: The price of Bitcoin soared to a new all-time high, reaching $77,000, as reported by Binance platform data at 10:15 p.m. Moscow time (7:15 p.m. GMT). This significant milestone highlights the cryptocurrency's ongoing upward trajectory, with Bitcoin trading at $77,109 during the peak. According to Azeri-Press News Agency, Bitcoin, the pioneering cryptocurrency, was introduced in 2008 by an individual or group under the pseudonym Satoshi Nakamoto. It operates as a decentralized digital currency, eliminating the need for a central bank or administrator. Transactions occur directly between users on the peer-to-peer Bitcoin network, bypassing traditional financial intermediaries. Bitcoin's unprecedented rise in value reflects growing investor interest and confidence in digital currencies. The cryptocurrency's decentralized nature and the absence of intermediaries have contributed to its appeal among users seeking alternatives to conventional financial systems. As Bitcoin continues to break new ground, it s role in the global financial landscape is becoming increasingly prominent.