NEW THIS WEEK – A WHOLE 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.

5/30/18 Closing Prices:

Bitcoin: $7,474.95 (+$51.91) Ethereum: $563.98 (+4.42) Gold: $1,302 (+$2) Dow Jones Industrials: 24,667.78 (+306.33) S&P 500: 2,724.01 (+34.15) Nasdaq Composite: 7,462.45 (+65.86)

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 Index

Trading Summary Notes for Wednesday, 5/30/2018

  • Uncertainty, geopolitical events, dollar, interest rates, etc not moving markets currently
  • Cryptos (BITCOIN, ETHEREUM) stalled with lack of interest. "Dead money" for a while?"
  • GOLD moving up and down slightly around $1,300. No conviction right now
  • Trading ranges getting smaller as trading interest dries up. Summer already?
  • Choppy (not volatile) markets may be here for a while
  • Currently neutral on gold, long term bullish on BTC & ETH

CURRENT TRADING POSITION:

LONG BITCOIN

Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews