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.

1/8/18 Closing Prices:

Bitcoin: $14,477.79 (-$1,506.97 from Friday's close) Gold: $1,320 (+$1.00 from Friday's close) Dow Jones Industrials: 25,283.00 (-12.87) S&P 500: 2,747.71 (+4.56) Nasdaq Composite: 7,157.39 (+20.83)

Trading Summary Notes for Monday, 1/8/2018

• BITCOIN gets hit with rumors China may "tinker with" the miners. China fears unfounded
• Overall crypto selloff spills over to bitcoin. Remember, not ALL alt coins are "for real"
• Bitcoin seems to have found a "home" around $15K......a little higher, a little lower. Market getting efficient?
• May be in a "choppy" trading market for a while. Let the hype settle down
• Still have a price target of $30K
• GOLD is in a strong uptrend. Looking at $1,350 near term
• A big story for 2018? Inflation led by strong wage increases
• Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD & BITCOIN

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries on Bitcoin vs Gold here