BITCOIN SLIGHT DIP, Gold Slight Rise.

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.

5/31/17 Closing Prices:

Bitcoin: $2,227.47 (-$26.25)
Gold:
 $1,269 (+$6.00)
Dow Jones Industrials: 21,008.65 (-20.82)
S&P500: 2,411.80 (-1.11)
Nasdaq Composite: 6,198.52 (-4.67)

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

Trading Summary Notes for Monday, 5/31/17:

  • Bitcoin stabilizing at end of month
  • Volatility settling down. Sell off over?
  • Bitcoin re-entry point $1,950-$2,000
  • Gold rises slightly. Still in tight range.
  • Gold upside resistance @ $1285-$1300
  • Gold has support @ $1225-$1235

NO CURRENT POSITION