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📈BTC | $19,749.93 (+$1,501.79, +8.23%)
📈ETH | $1,061.51 (+$120.58, +12.85%)
📈XRP | $0.319091 (+$0.013263, +4.34%)
📈LTC | $52.02 (+$6.55, +14.41%)
📈Total Crypto Market Cap: The global crypto market cap is $884.22B (+5.44%)
💀Recently, Bitcoin (BTC) traded over $19,000, an increase of more than 8% from the previous day. BTC briefly dropped below $17,800 the day before, its lowest position since mid-December 2017. Ether nearly fell to a five-year low below $1,000 before rebounding over the weekend. It was recently trading at around $1,060, up more than 12% from the day before. Other altcoins also did well, with LTC and XRP rising by 14% and 4% respectively.
👨💼The Federal Reserve Board noted in its monetary report that “recent strains observed in markets for stablecoins…and other digital assets have emphasized the structural fragilities in that rapidly expanding industry.” According to the report, stablecoins not backed by secure and liquid assets and proper regulatory standards pose dangers to investors and possibly to the financial system.
🎮Immutable, an NFT scaling platform, started a $500 million venture fund on Web 3 games and NFT projects. Through token awards and investments, the new startup fund will also strengthen the Immutable X protocol. BITKRAFT, Animoca, Arrington Capital, Double Peak, Airtree, King River Capital, and GameStop are just a few of the cryptocurrency and game investors the fund will work with, according to Immutable.
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.
