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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.
7/5/17 Closing Prices:
Bitcoin: $2,569.19 (-$45.90) Gold: $1,226 (+$3.00) Dow Jones Industrials: 21,478.17 (-1.10) S&P 500: 2,432.54 (+3.53) Nasdaq Composite: 6,150.85 (+40.79)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Wednesday, 7/5/2017:
- Bitcoin just drifting around with $2,500 a mid-point
- Bitcoin in “summer doldrums” and, it seems, a “tug-of-war” between bulls & bears
- Very much long term bullish on bitcoin
- Gold also in summer doldrums
- 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
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