Bitcoin reached a new high on Binance and then fell by almost 3%

The price of the main cryptocurrency updated its historical record, albeit for just an hour. The exchange rate of Bitcoin on the largest cryptocurrency exchange Binance broke the historical maximum that had been held since the end of January 2020 at around $109,300.

The new price record was set at $109,845 in the pair with USDT - almost immediately after reaching this level, the rate reversed and lost about 3% from the peak in roughly an hour. At the time of publication, Bitcoin is trading at around $106,600 (8:55 PM Moscow time).

Bitcoin began to rise sharply at the start of the American trading session and first updated the record in the pair with the dollar on the largest American exchange Coinbase. After that, the price updated the maximum in the pair with USDT on Binance.