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📉BTC | $20,709.58 ($-447.12, -2.11%)
📉ETH | $1,181.10 ($-39.50, -3.24%)
📉XRP | $0.343624 ($-0.020370, -5.60%)
📉LTC | $54.60 ($-3.17, -5.50%)
📉Total Crypto Market Cap: The global crypto market cap is $926.32B (-2.60%)
😮💨Despite a Monday decline, Bitcoin (BTC) was still comfortably above the $20,000 mark. The price of the BTC, which had fallen more than 2% on the previous day, was currently trading around $20,700. As investors maintained their cautious attitude to riskier assets, Ether was trading at about $1,200, down 3% from the previous day. Major altcoins such as XRP and LTC also plummeted, falling by 5%.
🤑Trading was briefly suspended when shares of no-commission trading platform Robinhood (HOOD) rose by approximately 16% after Bloomberg reported that cryptocurrency exchange FTX was considering a possible acquisition of the company. No formal offer has been made, and FTX may decide not to move forward with any plans.
📃In a last-ditch effort to craft anti-money-laundering regulations and a new authorization system for crypto service providers, European Union (EU) negotiators will meet this week to decide on EU’s regulatory framework for cryptocurrencies. Key topics of discussion include uncertainties regarding the handling of Non-Fungible Tokens (NFTs), the energy consumption of Bitcoin, and the private usage of unhosted wallets.
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.
