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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.
7/10/17 Closing Prices:
Bitcoin: $2,415.98 (-$100.29) Gold: $1,214 (+$2.00) Dow Jones Industrials: 21,408.52 (-5.82) S&P 500: 2,427.43 (+2.25) Nasdaq Composite: 6,176.39 (+23.31)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Monday, 7/10/2017:
- Bitcoin sells off to back under the $2,500 "mid-point" ($2,000-$3,000) from high and last big selloff
- Bitcoin going back to test the $2,000 price point? Could be.
- Looks like bitcoin digesting a few years of gains before next big move
- Continue to be long term bullish on bitcoin
- Gold currently very weak
- Gold getting ready to test $1,200
- LONG TERM INVESTORS………BUY LOW/SELL HIGH Next few months start adding positions in bitcoin and gold
No Current Trading Positions
Past Market:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here