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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.

7/26/17 Closing Prices:

Bitcoin: $2,490.27 ($-90.00) Gold: $1,261 (+$`0.00) Dow Jones Industrials: 21,711.01 (+97.58) S&P 500: 2,477.83 (+0.70) Nasdaq Composite: 6,422.75 (+10.57)

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

Trading Summary Notes for Wednesday, 7/26/2017

• Bitcoin drops on S.E.C. comments about ICO regulation
• Bitcoins (cryptocurrencies) are used to fund new ICO's. Regulation may curb demand
• Still a bit of uncertainty on a "hard fork" (split). Aug 1st may bring 'solid' decision
• All this news is not that negative, just uncertain (markets hate that)
• Stay neutral on Bitcoin.........prepare to be a buyer
• LONG TERM BULLISH ON BITCOIN
• Gold pops up on Fed's comment to leave rates unchanged
• Gold gaining upside momentum. Test of $1,300 soon?
• Can buy gold. Use sell stop at $1,225
• LONG TERM BULLISH ON GOLD

No Current TRADING Positions

Past Market:

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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