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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.

6/28/17 Closing Prices:

Bitcoin: $2,558.14 (+$243.05) Gold: $1,250 (+$2.00) Dow Jones Industrials: 21,454.61 (+143.95) S&P500: 2,440.69 (+21.31) Nasdaq Composite: 6,234.41 (+87.79)

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

Trading Summary Notes for Wednesday, 6/28/17:

• Bitcoin jumps up above $2,500. Selloff over?
• Bitcoin trading as a "risk on-risk off" vehicle. Following tech?
• Bitcoin is in a very 'choppy' market. Or, a yo-yo
• A break above $3,000 should trigger some new buying interest
• Still long term bullish on bitcoin.
• Gold still holding support area of $1240. Close below $1240 would be bearish
• Going “neutral” on gold for now.

Current Position LONG GOLD

Past Market:

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here