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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.
7/14/17 Closing Prices:
Bitcoin: $2,266.06 (-$94.35) Gold: $1,228 (+10.00) Dow Jones Industrials: 21,637.74 (+84.65) S&P 500: 2,459.27 (+11.44) Nasdaq Composite: 6,312.46 (+38.03)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Friday, 7/14/2017:
- Bitcoin appears to have gotten tired of waiting for Aug 1st decision on hard fork/or not
- Bitcoin under selling pressure. Looks to "test" $2,000
- Have been neutral on bitcoin for a while now (still long term bullish)
- Recommend staying on sidelines until clarity on Aug 1st decision is announced
- Gold gets a nice 'pop'. As recommended, don't be too bearish on gold at these levels
- Stay on sidelines for time being.
No Current Trading Positions
Past Market:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
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