Bitcoin Bottoming at $53,785.75 in Afternoon Trading

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FILE PHOTO: Representation of the bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Representation of the bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

Thunder Bay –  TECH – Bitcoin is having a Black Friday but not one that likely has crypto investors happy. The price of Bitcoin is down five per cent today in afternoon trading.

$53,785.75 is the price for a Bitcoin in US dollars.

This is the lowest price for Bitcoin in the past four weeks.

This erases the gains that Bitcoin has made over the past weeks.