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📉BTC | $21,142.25 ($-231.25, -1.08%)
📉ETH | $1,220.47 ($-12.37, -1.00%)
📉XRP | $0.365226 ($-0.000545, -0.15%)
📉LTC | $58.08 ($-1.41, -2.36%)
📉Total Crypto Market Cap: The global crypto market cap is $950.27B (-0.92%)
😮💨Predictions that Bitcoin (BTC) might drop below $20,000 over the weekend were unfounded as BTC traded just above $21,000, down 1% over the past 24 hours. Ether exchanged hands above $1,200 and had lost around 1% during the previous day. This comes as investors took solace from Sunday’s indications that the US economy was slowing down and that the Fed might supress its monetary hawkishness in the coming months.
💰Goldman Sachs looks to acquire $2 billion from investors to purchase risky assets from struggling crypto lender Celsius. The proposed transaction enables investors to purchase its assets at large discounts in the event that Celsius files for bankruptcy. Goldman Sachs has been assessing interest from Web3 crypto funds, funds that specialize in distressed assets and traditional financial institutions.
😡BlockFi, a cryptocurrency lending platform, announced hikes in deposit rates and reduced withdrawal fees for a variety of cryptocurrencies on Friday. Both new regulations go into force on July 1. Since the crypto meltdown, BlockFi has been forced to lay off one-fifth of its workforce and turn to Sam Bankman-FTX Fried’s for an urgent $250 million revolving credit facility.
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.
