BITCOIN Plunges to $8K, Continues Slide; GOLD Sinks Too, Off $8 To Under $1,320 (3/15/18)

Bitcoin Gold

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.

3/15/18 Closing Prices:

Bitcoin:  $8,053.44  (-$652.84) 
Gold:  $1,317  (-$8) 
Dow Jones Industrials:  24,873.66  (+115.54)
S&P 500:  2,747.33  (-2.15)

Nasdaq Composite:  7,481.74  (-15.07)

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

Trading Summary Notes for Thursday, 3/15/2018

  • BITCOIN continues sinking spell, traded under $8K before recovering
  • Bitcoin trading slightly higher after ‘close’ late in the day
  • Potential regulations are weighing on the market. Increased costs with new regulations are causing nervous selling
  • Enthusiasm for bitcoin (crypto in general) still strong, but uncertainty holds buyers back
  • GOLD slumps back to below $1,320
  • Lack of interest in gold keeping trading light, stuck in a very tight trading range…..$1,310-$1,340
  • Still very bullish on gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



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

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