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.

3/15/18 Closing Prices:

Bitcoin: $8,053.44 (-$652.84) Gold: $1,317 (-$8) Dow Jones Industrials: 24,873.66 (+115.54) S&P 500: 2,747.33 (-2.15) Nasdaq Composite: 7,481.74 (-15.07)

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

Trading Summary Notes for Thursday, 3/15/2018

• BITCOIN continues sinking spell, traded under $8K before recovering
• Bitcoin trading slightly higher after 'close' late in the day
• Potential regulations are weighing on the market. Increased costs with new regulations are causing nervous selling
• Enthusiasm for bitcoin (crypto in general) still strong, but uncertainty holds buyers back
• GOLD slumps back to below $1,320
• Lack of interest in gold keeping trading light, stuck in a very tight trading range…..$1,310-$1,340
• Still very bullish on gold
• Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

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

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