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.

1/10/18 Closing Prices:

Bitcoin: $14,145.98 (-$509.85) Gold: $1,318 (+$4.00) Dow Jones Industrials: 25,369.13 (-16.67) S&P 500: 2,748.23 (-3.06) Nasdaq Composite: 7,153.57 (-10.01)

Trading Summary Notes for Wednesday, 1/10/2018

• BITCOIN sinks lower in lack of interest trade. Buyers at the Consumer Electronics Show?
• Seems bitcoin is in a "dip/rise"........."dip/rise"............type of trade. No strong reason to buy
• Regulators "jaw boning" (or, scare talking) to shake out speculation? Could be.
• Basically, bitcoin buyers are not rushing in. Momentum is resting
• Price target on next big move…….$30K
• GOLD jumps up in the morning on inflation talk/fears. Settles back rest of the day
• Rise in interest rates keeps gold buyers a bit passive. Inflation heating up?
• A big story for 2018? Inflation led by strong wage increases. Very bullish for gold
• Looking at $1,350 near term
• Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION: Long BITCOIN & GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries on Bitcoin vs Gold here