BITCOIN PASSES S&P500 (Parity Plus), Gold Wanders

Bitcoin vs Gold & Other Market Indices (5/24/17 Close)

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.

5/23/17 Closing Prices:

Bitcoin: $2,358.29 (+$120.24)
Gold:
 $1,257(+$6.00)
Dow Jones Industrials: 21,012.42 (+74.51)
S&P 500: 2,404.39 (+5.97)
Nasdaq Composite: 6,163.31 (+24.31)

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

Trading Summary Notes for Tuesday, 5/24/17:

  • BITCOIN SURPASSES S&P 500 IN AFTERNOON TRADING
  • Bitcoin momentum exceptional. No way to pick an upside price target
  •  Placing a sell stop at $2,275 for precaution. This may be raised daily.
  • Gold perks up slightly. Still struggling
  • 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