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.

3/19/18 Closing Prices:

Bitcoin: $8,562.24 (+$51.12) (from Friday's close) Gold: $1,317 (+$3) (from Friday's close) Dow Jones Industrials: 24,610.91 (-335.60) S&P 500: 2,712.92 (-39.09) Nasdaq Composite: 7,344.24 (-137.74)

Trading Summary Notes for Monday, 3/19/2018

• BITCOIN plunges over the weekend to $7,000. then recovers to inch up over Friday's close
• Rumors of tax selling, Twitter and Facebook banning ICO advertising and new regulation concerns cause bitcoin to drop to the $7,000 area
• Buyers stepped in and bitcoin fully recovered the weekend losses
• Enthusiasm for bitcoin (crypto in general) still strong
• If bitcoin trades, and holds, above $9,000 expect another more upside
• GOLD inches up from Friday's close
• Gold holding the $1,305-$1,310 support area. Waiting for the Fed's FOMC meeting to wrap up Wednesday with interest rate guidence
• Inflation still being under estimated which is bullish for gold
• Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Tim