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.

1/18/18 Closing Prices:

Bitcoin: $12,011.81 (+$2522.43) Gold: $1,326 (-$3) Dow Jones Industrials: 26,017.81 (-97.84) S&P 500: 2,798.03 (-4.53) Nasdaq Composite: 7,296.05 (-2.23)

Trading Summary Notes for Thursday, 1/18/2018

• BITCOIN shakes off plunge. Jumps back up over $12K
• Bitcoin rallies over 25%. Start of a new move? A couple of days will tell
• Selling 'climax' under $10K shook out a lot of weak (leveraged?) holders
• Bitcoin volatility is back. Rumors of bitcoin's demise are behind us
• Look for steadiness before moving higher
• GOLD gives up a few dollars. Nice rallies usually have some pullback
• Demand for gold getting stronger. Inflation fears/worries will persist in 2018
• A big story for 2018? Inflation led by strong wage increases.
• 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