Crypto Bitcoin Continues Downward Slide trading at $56,500.10

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BITCOIN

Thunder Bay – Tech – Bitcoin is continuing its downward slide. The crypto is at $56,500.10 in early afternoon trading in North America.

Bitcoin is down today 4.99 percent in trades.

Economic factors influence the price of cryptocurrency just like any other currency or investment — supply and demand, public sentiment, the news cycle, market events, scarcity.