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📉BTC | $21,972.62 ($-435.23, -1.94%)
📉ETH | $1,522.85 ($-35.51, -2.28%)
📉XRP | $0.348405 ($-0.012104, -3.36%)
📉LTC | $56.22 ($-0.890226, -1.56%)
📉Total Crypto Market Cap: The global crypto market cap is $1.01T (-2.05%)
😕Recently, Bitcoin (BTC) exchanged hands at around $21,900, a 1.9% decline from the previous day. Bitcoin had reached a more than one-month high on Wednesday, breaking $24,000, and was still trading comfortably over $23,000. However, on Friday investors reviewed their concerns over inflation and the economy to turn away from riskier assets.
💰Customers of the insolvent cryptocurrency lender Voyager Digital will be given early liquidity through the cryptocurrency trading platform FTX. The joint offer was made two weeks after Voyager submitted its Chapter 11 bankruptcy petition. Voyager had previously received a loan from Alameda Ventures, a business owned by FTX for $200 million in cash/USDC and 15,000 bitcoins.
💸Ailing crypto firm Three Arrows Capital (TAC) collapsed as a result of trades involving the Grayscale Bitcoin Trust (GBTC), Terra’s luna (LUNA), and terraUSD (UST) tokens, the firm’s founders admitted. TAC suffered losses of about $200 million due to LUNA and UST, where in May the two tokens’ prices began to plummet rapidly, eventually reaching almost $0.
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.
