WE HOPE YOU ENJOY OUR NEW FORMAT FOR BITCOIN VS GOLD, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES!
By Bill Taylor, Contributor
We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.
6/15/18 Closing Prices:
Bitcoin: $6,512.51 (+$107.41) Ethereum: $492.13 (+$17.66) Gold: $1,280 (-$24) Dow Jones Industrials: 25,090.48 (-84.83) S&P 500: 2,779.42 (-3.07) Nasdaq Composite: 7,746.38 (-14.66)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time IndexTrading Summary Notes for Friday, 6/15/2018
- SEC ruling that BITCOIN and ETHEREUM are not securities allow their rally to continue
- Both BTC and ETH perk up nicely
- Still, rumors of crypto trading manipulation and potential exchange closures hanging over market
- GOLD crashes on stronger dollar
- After strengthening the past few day, gold reverse and breaks support
- Recent inflation numbers are beginning to “run hot”. Labor shortages ALWAYS lead to upside wage pressures…….and inflation
- Turning back to neutral on gold
- Long term bullish on BTC, ETH and gold
CURRENT TRADING POSITION:
NO CURRENT TRADING POSITIONS
Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews