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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.

8/1/17 Closing Prices:

Bitcoin: $2,704.68 ($-67.62) Gold: $1,270 ($-0-) Dow Jones Industrials: 21,963.92 (+72.80) S&P 500: 2,476.35 (+6.05) Nasdaq Composite: 6,362.94 (+14.81)

Trading Summary Notes for Tuesday, 8/1/2017

• Bitcoin has survived Aug. 1st.....so far. Uncertainty causes malaise
• There are now 2 bitcoins.........BTC & BTCC (Bitcoin & Bitcoin Cash). Confused?
• Bitcoin Cash still is NOT trading. Expect the next few days
• While all this shakes out it is best to be an observer. Will BTCC 'hurt" BTC? Which will become dominant? Will both thrive? When in doubt, stay out.
• BUT, Buy the dips on bitcoin. Looks like a break above $3,000 (all time highs) is coming
• No changes on gold. Buy gold on dips against sell stop at $1,250
• Gold looking to test $1,300. Solid momentum building
• LONG TERM BULLISH ON BITCOIN & GOLD

No Current TRADING Positions

Past Market:

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