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SGT 0815
📈 BTC | $63,286 (+$2,479, +4.1%)
📈 ETH | $4,599 (+$284, +6.6%)
📈 XRP | $1.14 (+$0.05, +4.3%)
📈 LTC | $201 (+$1, +0.5%)
📈 Total Crypto Market Cap: $2.74T (+4.0%)
🧐 Ethereum and “Ethereum killers” such as Polkadot and Solana rose strongly yesterday as demand for their use in NFTs and DeFi continue to rise.
🔥 The “burn rate” of Ethereum has turned negative over the last 7 days for the first time ever (More ETH has been ‘burned’ than created). This has been a development long in the making since Ethereum’s London hard fork on 5th August, which incorporated the EIP-1559 improvement.
🇹🇭 Siam Commercial Bank just paid $536 million to acquire the country’s (Thailand) largest crypto exchange Bitkub. Bitkub saw over $30 billion in volume from Q1 to Q3 this year.
Cryptocurrency CFD is available for trading on Phillip MetaTrader 5 (MT5).
Features of trading CFD
- Trade in both the bull and the bear markets
The ability to enter a long and/or short position allows traders to take advantage of both rising and falling markets. - Smaller barrier to entry
CFDs typically have flexible and smaller contract sizes. This means that traders will be able to enter into a CFD contract with a modest amount of capital. - No expiration date or risk of delivery
Unlike futures which commonly have a fixed expiration date, CFDs allow traders to perpetually hold the position(s). CFDs are cash settled, no need to worry about the delivery of the underlying asset.
Trade Bitcoin, Ethereum, Litecoin, and Ripple CFDs at zero commission on Phillip MetaTrader 5, a dynamic platform that offers low spreads. Integrated with Acuity Signal Centre and Trading Central Indicators, and available on mobile, web and desktop app, you will never miss a trading opportunity with Phillip MT5.
Download Trading Central’s Market Buzz for updates on more topics.
What’s more? Phillip MT5 is now supported on Mac OS! To install, simply download the file below and complete a simple installation process.
