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.
11/13/17 Closing Prices:
Bitcoin: $6,607.76 (-$203.49) from Friday's close Gold: $1,278 (+$2.00) Dow Jones Industrials: 23,439.70 (+17.49) S&P 500: 2,584.84 (+2.54) Nasdaq Composite: 6,757.60 (+6.66)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Monday, 11/13/2017
- BITCOIN crashes over the weekend. Jumps back up today
- Two days of heavy selling takes bitcoin down over $1,000. Hits $5,500
- Bitcoin jumps back up over $800 to almost Friday's close
- BITCOIN CASH doubles over the weekend. Loses over 50% today
- Expect more heavy volatility. There's a "miner civil war" going on
- Traders are trading the spread; Sell bitcoin/buy bitcoin cash.......and vice versa
- GOLD steadies. Gold suffering from lack of interest……..for now
- Still thinking gold want so go UP. Needs a reason and momentum investors
- LONG TERM BULLISH ON BITCOIN AND GOLD
CURRENT TRADING POSITION: LONG GOLD
Read our PRIOR daily commentaries on Bitcoin vs Gold here