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📈BTC | $21,971.53 (+$1,592.11, +7.81%)
📈ETH | $1,249.42 (+$81.95, +7.02%)
📈XRP | $0.350724 (+$0.023588, +7.21%)
📈LTC | $53.27 (+$3.37, +6.76%)
📈Total Crypto Market Cap: The global crypto market cap is $967.80B (+5.41%)
🙏Federal Open Market Committee minutes from last month seem to have allayed concerns about the Fed’s further tightening of its monetary policy, as seen by a 4-day straight increase in cryptocurrency prices. Recently, Bitcoin traded at roughly $21,900, up more than 7% in the previous day. Over $1,200 worth of ether was being traded, up by 7%. Other altcoins were also green, with XRP and LTC increasing by roughly 7% and 6%, respectively. The gains dovetailed with stock price gains in important market indices.
🚶🏼♂️The future course of crypto policy in the United Kingdom is uncertain in light of Boris Johnson’s resignation as prime minister. The resignation raises the question of whether the future administration will be as pro-Web 3 as Johnson’s administration was, and it is now likely to upset the government’s legislative agenda on matters like stablecoins.
💸The euro’s decline near $1 for the first time in 20 years has crypto traders focused on the implications of the exchange rate on cryptocurrency values and stablecoins backed by the euro. According to some analysts, the euro’s recent decline may have a negative impact on the bitcoin (BTC) market and the demand for stablecoins tied to the euro.
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.
