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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.
7/19/17 Closing Prices:
Bitcoin: $2,317.29 (-$20.58) Gold: $1,241 (-$1.00) Dow Jones Industrials: 21,640.75 (+66.02) S&P 500: 2,473.83 (+13.22) Nasdaq Composite: 6,385.04 (+40.74)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Wednesday, 7/19/2017
- Bitcoin's bounce from last weekend's selloff seems to be done
- Rumor of "agreement" to avoid "hard fork" (split) may have worn off
- Reports for possible agreement MUST be considered a “rumor” till proven in fact
- There STILL may be a “hard fork”. HUGE potential news. How will bitcoin react? Unknown
- Until final resolution (Aug 1st) recommend staying neutral on bitcoin. Sidelines are safe.
- Gold rallied and holding on weak dollar.
- 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:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here