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.
6/12/18 Closing Prices:
Bitcoin: $6,758.43 (+$31.28) Ethereum: $524.68 (+$0.60) Gold: $1,296 (-$5) Dow Jones Industrials: 25,320.73 (-1.58) S&P 500: 2,786.85 (+4.85) Nasdaq Composite: 7,703.79 (+43.87)
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 Tuesday, 6/12/2018
- Cryptos (BITCOIN & ETHEREUM) still under selling pressure
- Reasons? Sunday's hack? U.S./N.K. summit success? U.S. Fed, EU Central Bank and Bank of Japan monetary announcements this week? All of the previous? No clear answer
- No matter what you think, selling is selling and there is selling going on
- GOLD struggling to get above $1,300. Can't hold that "magic" number
- Fears of inflation being ignored currently. Don't ignore that
- Long term bullish on BTC, ETH and gold. Neutral right now
CURRENT TRADING POSITION:
NO CURRENT TRADING POSITIONS
Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews