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📉BTC | $20,077.13 ($-251.31, -1.24%)
📉ETH | $1,094.07 ($-56.46, -4.91%)
📉XRP | $0.324577 ($-0.010690, -3.19%)
📈LTC | $53.15 (+$0.044255, +0.05%)
📉Total Crypto Market Cap: The global crypto market cap is $893.25B (-2.12%)
😤Bitcoin (BTC) continued to cling onto the $20,000 support level it has held over the past 10 days. Despite a British Virgin Islands court’s order to liquidate cryptocurrency hedge fund Three Arrows Capital, BTC was down a percentage point over the previous 24 hours and remained at roughly $20,070. Ether exchanged hands at $1,090, down 4% from the previous day. Other major altcoins such as XRP fell by 3%.
🤳The Polkadot ecosystem unveiled “Frequency,” a parachain in the Polkadot ecosystem which will be devoted to decentralized social networking. By creating a publicly accessible database of people’s social connections, Frequency intends to “democratize” social media and undermine the influence of social media giants and surveillance capitalism.
💸Cryptocurrency lender and money maker Genesis Trading is anticipating losses in the “hundreds of millions.” The losses are largely attributed to the firm’s exposure to over-leveraged hedge fund Three Arrows Capital which recently fell into liquidation.
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.
