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.
6/29/17 Closing Prices:
Bitcoin: $2,545.59 (-$12.55) Gold: $1,245 (-$5.00) Dow Jones Industrials: 21,287.03 (-167.58) S&P500: 2,419.70 (-20.99) Nasdaq Composite: 6,144.35 (-90.06)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Thursday, 6/29/17:
- Bitcoin jumps up above $2,500. Selloff over?
- Bitcoin trading as a “risk on-risk off” vehicle. Following tech?
- Bitcoin is in a very ‘choppy’ market. Or, a yo-yo
- A break above $3,000 should trigger some new buying interest
- Still long term bullish on bitcoin.
- Gold still holding support area of $1240. Close below $1240 would be bearish
- Going “neutral” on gold for now.
Current Position LONG GOLD
Past Market:
