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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.
7/11/17 Closing Prices:
Bitcoin: $2,357.77 (-$58.21) Gold: $1,216 (+$2.00) Dow Jones Industrials: 21,409.07 (+0.55) S&P 500: 2,425.53 (-1.90) Nasdaq Composite: 6,193.31 (+16.91)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Tuesday, 7/11/2017:
- Bitcoin in an orderly decline. Other "cryptos" getting hit hard
- Looks like bitcoin is taking a 'breather' for the near term. Drifting rather than plunging
- Lets be neutral on bitcoin trading positions. Summer doldrums in northern hemisphere
- Still very bullish on bitcoin long term
- Gold holding above $1200
- Gold relatively weak. Not as bearish as it may appear
- Look to accumulate gold and bitcoin on weakness........$2,000-$2,100 (bitcoin) & $1185-$1200 (gold). Take your time.
- BUY LOW/SELL HIGH
No Current Trading Positions
Past Market:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here