Bitcoin New Highs; Gold Sinking & Parity Again

 

Bitcoin Gold
Welcome to our new streamlined format for Bitcoin vs Gold 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. FintekNews uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

4/25/17 Closing Prices:

Bitcoin: $1271.39
Gold:
 $1264
Dow Jones Industrials: 20,996
S&P 500: 2,389
Nasdaq Composite: 6,025

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

Trading Summary Notes for Tuesday, 4/25/17:

  • Bitcoin hits all time high. Momentum still strong
  • SEC to ‘revisit’ last months decision to deny bitcoin ETF. Adds to bitcoin strength
  • Stopped out on long gold position. Always use stops or hedges
  • Gold very weak. Just could not get to $1300 level
  • Gold and gold ETF’s, miners, etc VERY over owned. Crowded trade for sure
  • BITCOIN ACHIEVES PARITY & BEYOND WITH GOLD AGAIN

CURRENT POSITION: LONG BITCOIN

Past Market Performance:

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here

We wrote an article (8/17/16) going on the record saying bitcoin will outperform gold throughout the future. We continue that call.