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📈BTC | $20,464.40 (+$718.90, +3.64%)
📈ETH | $1,117.85 (+$56.55, +5.33%)
📈XRP | $0.322309 (+$0.004317, +1.36%)
📈LTC | $52.52 (+$0.573807, +1.10%)
📈Total Crypto Market Cap: The global crypto market cap is $902.37B (+3.59%)
🏋️Bitcoin (BTC) was able to hold its price level above the $20,000 level on Monday after regaining over the weekend amidst a continuous barrage of negative economic, geopolitical and industry news. BTC recently traded flat at $20,400, up by 3%. Ether traded slightly over the $1,100 position it reclaimed late Sunday, up by 5%. Other altcoins also rose , with LTC and XRP increasing by 1 percentage point each.
📱After Elon Musk tweeted that he would “keep supporting dogecoin,” DOGE increased from 5 cents to as much as 6.3 cents in early trading hours on Monday. Since then, when traders took profits on their bets, it has fallen to 5.7 cents at the time of writing. Tesla (TSLA) takes DOGE as payment on its online store, and Musk has previously said he was “working with Dogecoin developers” to make it more effective.
💰The highly prized non-fungible token (NFT) (CryptoPunk #5364) that Ukraine received as a gift in early March for its fundraising effort in its conflict with Russia has been sold. At the time of writing, the NFT was sold to an unidentified buyer for 90 ETH, or around $100,000 er. Prior to the price of ETH sharply declining in early March, The NFT’s estimated value was up to $260,000.
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.
