WE HOPE YOU ENJOY OUR NEW FORMAT FOR BITCOIN VS GOLD, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES!
By Bill Taylor, Contributor
We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.
7/2/18 Closing Prices:
Bitcoin: $6,608.76 (+$722.88) (from Friday's close) Ethereum: $472.71 (-$61.49) (from Friday's close) Gold: $1,241 (-$11) (from Friday's close) Dow Jones Industrials: 24,307.18 (+$35.77) S&P 500: 2,726.71 (+8.34) Nasdaq Composite: 7,567.69 (+57.38)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time IndexTrading Summary Notes for Monday, 7/2/2018
- BITCOIN, ETHEREUM (Cryptos) begin start of third quarter with a big rally
- Saturday (last day of the second quarter) saw buyers come in to mark up long positions (window dressing)
- Threat of selling climax put on hold for now. Bitcoin $5,800 & ETH $400 held support
- Not certain the selling is all over
- GOLD breaks below $1,250 convincingly
- Strong dollar pressuring gold
- Gold looks like $1,205-$1,210 will be next stop
- Inflation being ignored.....for now
- Long term bullish on BTC, ETH and GOLD. Fundamental story intact
CURRENT TRADING POSITION:
NO CURRENT TRADING POSITIONS
Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews