Bitcoin Falls to $42,978.96 in Early Morning North American Trading


THUNDER BAY – Business – Crypto currency Bitcoin is down significantly to $42,978.96 US in trading this morning.

Bitcoin has been trading under the benchmark $50,000 US mark for the first week of 2022.

Forbes is reporting, “While this week’s drop in Bitcoin has been severe, the downtrend in Bitcoin has been well-established since November 2021,” said David Keller, chief market strategist at

“This pattern of distribution has pushed the price down below the early December low around 44,000,” he stated.

“Price support should be expected between current levels and the September 2021 low around 40,000.”

In the last quarter of 2021, many experts were predicting that Bitcoin would be trading at near $100,000 US by the end of the year. Those optimistic predications were missed dramatically.

Trading in crypto is always risky.

Previous articleSix hot topics for climate change and nature policy in 2022
Next articleA Year Since Capital Hill Riots A Look Back… or NNL offers news, information, opinions and positive ideas for Thunder Bay, Ontario, Northwestern Ontario and the world. NNL covers a large region of Ontario, but we are also widely read around the country and the world. To reach us by email: Reach the Newsroom: (807) 355-1862