BITCOIN BITCOIN BITCOIN – WOW. Gold Stable

Bitcoin Gold

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.

5/25/17 Closing Prices:

Bitcoin: $2,745.62 (+$387.33)
Gold:
 $1,255 (-$2.00)
Dow Jones Industrials: 21,082.95 (+70.53)
S&P500: 2,415.07 (+10.68)
Nasdaq Composite: 6,205.26 (+42.23)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Tuesday, 5/25/17:

  • Bitcoin achieving parity with S&P 500 is so yesterday
  • Bitcoin volatility is here to stay. Short term traders use stops. Long term investors stay calm
  • Bitcoin upside is virtually unlimited currently. Be prepared for HUGE swings
  • Sell stop at $2,275 for precaution. This may be raised daily.
  • Gold remains stable. Dead money currently
  • Gold upside resistance @ $1285-$1300
  • Gold has support @ $1225-$1235

Current Position LONG BITCOIN

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here