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FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

7/19/17 Closing Prices:

Bitcoin: $2,317.29 (-$20.58) Gold: $1,241 (-$1.00) Dow Jones Industrials: 21,640.75 (+66.02) S&P 500: 2,473.83 (+13.22) Nasdaq Composite: 6,385.04 (+40.74)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Wednesday, 7/19/2017

• Bitcoin's bounce from last weekend's selloff seems to be done
• Rumor of "agreement" to avoid "hard fork" (split) may have worn off
• Reports for possible agreement MUST be considered a “rumor” till proven in fact
• There STILL may be a “hard fork”. HUGE potential news. How will bitcoin react? Unknown
• Until final resolution (Aug 1st) recommend staying neutral on bitcoin. Sidelines are safe.
• Gold rallied and holding on weak dollar.
• Can be a buyer of gold on weakness. Use $1,205 as a sell stop point.
• LONG TERM bullish on BITCOIN and GOLD.

No Current Trading Positions

Past Market:

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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