BITCOIN RALLY’S (Thanks Amazon); GOLD JUMPS (Thanks N.Korea) (9/25/17)

Bitcoin Gold

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.

9/25/17 Closing Prices:

Bitcoin:  $3,863.17  (+$253.59) (from Friday’s close)
Gold:  $1,308  (+$11.00)
Dow Jones Industrials:  22,296.09  (-53.50)
S&P 500:  2,496.66  (-5.56) 

Nasdaq Composite:  6,370.59 
(-56.33)

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

Trading Summary Notes for Monday, 9/25/2017

  • BITCOIN has a nice rally on rumors Amazon may start accepting bitcoins
  • Still looking “soft” and struggling under $4,000
  • Traders stay neutral on bitcoin
  • GOLD has big jump on new North Korean rhetoric
  • Uncertainty with N.Korea should put a “floor” on gold declines
  • Closing above $1,300 is a positive.
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  No Current Trading Positions

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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