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📈BTC | $22,436.71 (+$569.33, +2.60%)
📈ETH | $1,221.85 (+$25.50, +1.96%)
📈XRP | $0.337514 (+$0.020697, +6.53%)
📈LTC | $50.23 (+$4.79, +10.44%)
📈Total Crypto Market Cap: The global crypto market cap is $960.80B (+2.56%)
😵💫Bitcoin (BTC) has surpassed $22,700, up 3.6% from where it was 24 hours ago. Bitcoin plummeted toward $20,000 after hearing the widely expected announcement that the US central bank would raise rates by 75 basis points on Wednesday morning. Shortly after the announcement, the price began to recover. Ether also declined first before rebounding nearly 4% from Tuesday to cross the $1,200 mark.
🏦The 75-basis-point rate boost by the Federal Reserve in the United States is the largest in 28 years. The increase is part of an effort to combat rising inflation, which has caused havoc on the economy and financial markets. According to a statement released by the Federal Open Market Committee (FOMC), the US central bank will continue to shrink its balance sheet at the same pace that it did in May.
🙅♀️Coinbase Global (COIN) stated in a filing on Tuesday that it is letting off about 1,100 employees as part of a cost-cutting plan. The company plans to cut its employment by roughly 18% as of June 10, and will have around 5,000 total employees by the end of the current quarter. Coinbase anticipates the plan to be implemented by the end of the second quarter.
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.
