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.

1/25/18 Closing Prices:

Bitcoin: $11,067.98 (-$130.14) Gold: $1,348 (-$10) Dow Jones Industrials: 26,392.79 (+140.67) S&P 500: 2,839.25 (+1.71) Nasdaq Composite: 7,411.16 (-3.89)

Trading Summary Notes for Thursday, 1/25/2018

• BITCOIN volatility drops as first CME Group futures expire. Futures DO matter
• CME bitcoin futures expire tomorrow. Rolling over may explain the stability
• Lets wait to see how the first expiration of bitcoin futures plays out
• GOLD drops back under the previous resistance area.....$1,350
• Dollar strength on political comments hit gold
• Gold upside momentum still strong. Borrowing bitcoin's volatility?
• Gold benefiting from lower dollar and inflation worries. DO NOT BE SHORT GOLD!
• Next stop should be $1,395-$1,400
• Top 2018 “HOT” picks……….. long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries