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SGT 0815
📈 BTC | $62,249 (+$871, +1.4%)
📉 ETH | $3,764 (-$84, -2.2%)
📈 XRP | $1.09 (+$0.00, +0.4%)
📈 LTC | $186 (+$1, +0.8%)
📈 Total Crypto Market Cap: $2.48T (+0.4%)
🤔 The spread between Bitcoin futures and spot Bitcoin is at its widest is five months, with the “carry trade” – where someone buys spot Bitcoin but sells the futures, is rapidly gaining interest – and driving Bitcoin higher.
🔎 The market’s first long-awaited BTC futures ETF ($BITO by ProShares) will likely begin trading today on the NYSE, with another two similar ETFs from VanEck and Valkyrie looking likely to start trading next week as well.
🚂 Bitcoin has now rallied by around +40% this month, outstripping gains made by most altcoins.
🚨 More and more stocks (and ETFs!) are seeing exposure to cryptocurrencies anyway – DraftKings (+1.2%) announced plans to run a validator node for Polygon (MATIC token), immediately making them one of the largest “governors” of one of the largest Ethereum layer-2 solutions around.
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.
