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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.
7/4/17 Closing Prices:
Bitcoin: $2,615.09 (+$46.77) Gold: $1,223 (+$4.00) Dow Jones Industrials: 21,479.27 (+129.64) S&P 500: 2,429.01 (+5.60) Nasdaq Composite: 6,110.06 (-30.36)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Monday, 7/4/2017:
- Bitcoin pops back up above the $2,500 "mid-point" ($2,000-$3,000)
- Rumors South Korea will legalize and accept bitcoin transactions
- Bitcoin in "summer doldrums" and, it seems, a "tug-of-war" between bulls & bears
- Very much long term bullish on bitcoin
- Sold Gold at $1,236 (Monday)
- Gold broke support ($1,240) and now in downtrend
- Gold looks to break below $1,200
No Current Trading Positions:
Past Market:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here