Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more.
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.
7/18/17 Closing Prices:
Bitcoin: $2,337.87 (+$297.72) Gold: $1,242 (+9.00) Dow Jones Industrials: 21,574.73 (-54.99) S&P 500: 2,460.61 (+1.47) Nasdaq Composite: 6,344.31 (+29.87)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Tuesday, 7/18/2017
- Bitcoin bounces off steep decline. Selling over?
- Bitcoin rallies on reports of "agreement" between factions to avoid "hard fork" (split)
- Reports for possible agreement MUST be considered a "rumor" till proven
- Bitcoin NOT under “normal” trading. Aug 1st 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 rallying on weak dollar.
- Gold beginning to firm up and act nicely. Selling done? Ask the 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:
