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📉BTC | $22,874.22 ($-514.28, -2.20%)
📉ETH | $1,503.38 ($-43.16, -2.79%)
📉XRP | $0.354302($-0.018955, -5.08%)
📉LTC | $56.07 ($-2.40, -4.13%)
📉Total Crypto Market Cap: The global crypto market cap is $1.03T(-2.70%)
😟Both Bitcoin and Ether are having their best week since March, up 12% and 15% respectively. The rally seemed to stall out on Wednesday when news of a new withdrawal freeze came from Zipmex, a Singapore-based crypto exchange that reportedly loaned some $100 million to Babel Finance, another ailing crypto firm. BTC is trading around $22,800, down 2% over the past 24 hours.
🚗Tesla has sold off 75% of its Bitcoin holdings worth $936 million this quarter. CEO Musk said Tesla is open to increasing its bitcoin holdings again in the future and noted that the sale does not represent the firm’s view of Bitcoin. Instead, the selloff was due to concerns about overall liquidity for the company given Covid shutdowns in China
⚠️Vauld, a Peter Theil-backed crypto lending platform has filed for protection from its Singaporean creditors. The news comes as the firm banned withdrawals from its platform. The firm owes $402 million to its creditors, with 90% being individual retail investor deposits.
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.
