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📉BTC | $20,427.50 ($-51.73, -0.25%)
📉ETH | $1,089.64 ($-15.44, -1.40%)
📈XRP | $0.323621 (+$0.000613, +0.19%)
📈LTC | $54.57 (+$2.60, +5.00%)
📉Total Crypto Market Cap: The global crypto market cap is $901.54B (-0.97%)
😩On Wednesday, Bitcoin (BTC) fell below the $20,000 mark, ending a three-day streak of price increases. BTC was just down more than 0.2% over the last 24 hours, trading at around $20,400. Ether was recently changing hands at approximately $1,090, down over 1.4% in the past 24 hours. Other altcoins were in the green with XRP and LTC rising by 0.2% and 5% respectively.
🌞Users of Solana-based borrowing and lending service Solend voted on Sunday to force a takeover of the protocol’s largest account: a whale whose “extremely large margin position” threatened a catastrophic on-chain liquidation cliff. The vote will give Solend Labs “emergency powers” to liquidate the whale’s vulnerable assets through over-the-counter (OTC) trading rather than decentralized exchanges should the price fall too low.
⚠️As prices of Bitcoin and Ethereum plummeted by roughly 6% and 8% on Wednesday, shares of Coinbase Global (COIN) fell by 7%, lagging behind rivals exposed to the cryptocurrency market. This comes after Binance.US declared that it would begin offering bitcoin trading with no fees. Meanwhile, crypto-exposed stocks such as Galaxy and MSTR gained 0.6% and lost 1% respectively.
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.
