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.
7/17/17 Closing Prices:
Bitcoin: $2,039.95 (-$226.11) Gold: $1,233 (+5.00) Dow Jones Industrials: 21,629.72 (-8.02) S&P 500: 2,459.14 (-0.13 Nasdaq Composite: 6,314.33 (+1.97)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Monday, 7/17/2017
- Bitcoin has BIG weekend selloff. Drops to $1,850 +/-
- Bounces back today (Monday). Now what?
- Under "normal" trading, the break through $2,000 'should' be a great buying point.
- Bitcoin NOT under "normal" trading. Aug 1st there may be a "hard fork" (split). HUGE potential news.How will bitcoin react? Unknown. Stay neutral and on sidelines till decision is final.
- Gold beginning to firm up and act nicely
- Selling done? Maybe
- Can be a buyer of gold on weakness. Use $1,205 as a sell stop point.
- LONG TERM bullish on BITCOIN and GOLD.
No Current Trading Positions
Past Market:
