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.

3/14/18 Closing Prices:

Bitcoin: $8,706.28 (-$345.90) Gold: $1,325 (-$2) Dow Jones Industrials: 24,758.12 (-248.91) S&P 500: 2,749.48 (-15.83) Nasdaq Composite: 7,496.81 (-14.20)

Trading Summary Notes for Wednesday, 3/14/2018

• BITCOIN enters new sinking spell. Trades lower after close
• SOLD BITCOIN TRADING POSITION AT $8,950. Bullish long term
• Currently bitcoin has more sellers than buyer. Buyers have stepped away
• Bitcoin going through a lack of interest
• Potential regulations are creating a “wait and see” environment
• Defending potential regulation driving up costs, hurting cryptos
• GOLD seems to be stuck in a very tight trading range…..$1,310-$1,340
• Lack of interest in gold kipping trading light
• Still very bullish on gold
• Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

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