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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.
5/19/17 Closing Prices:
Bitcoin: $1,953.02 (+$118.43) Gold: $1,255 (+$7.00) Dow Jones Industrials: 20,804.84 (+141.82) S&P 500: 2,381.73 (+16.01) Nasdaq Composite: 6,083.70 (+28.57)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Friday, 5/19/17:
- Bitcoin hits new all time highs
- Bitcoin upside momentum extremely strong. BITCOIN/S&P 500 PARITY?
- Bitcoin looks to break above $2,000
- Gold continues to struggle. Dead money
- No reason to own gold currently. Very crowded trade
NEW Current Position LONG BITCOIN
Past Market
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here