Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more.

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.

5/23/17 Closing Prices:

Bitcoin: $2,238.05 (+$82.24) Gold: $1,251(-$9.00) Dow Jones Industrials: 20,937.91 (+43.08) S&P 500: 2,398.42 (+4.40) Nasdaq Composite: 6,138.71 (+5.09)

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

Trading Summary Notes for Tuesday, 5/23/17:

• Go Bitcoin Go Bitcoin............new (again) all time high
• Bitcoin's momentum extremely powerful
• Upside price target...........up. No precedent but $2,500 is a nice round number
• Gold sells off. Stuck in the swamp at $1,250 + or - $20
• Gold upside resistance @ $1285-$1300
• Gold has support @ $1225-$1235

Current Position LONG BITCOIN

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here