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📉BTC | $20,439.70 ($-82.23, -0.40%)
📉ETH | $1,103.16 ($-17.01, -1.74%)
📈XRP | $0.322204 (+$0.000160, +0.05%)
📉LTC | $51.75 ($-0.767478, -1.46%)
📉 Total Crypto Market Cap: The global crypto market cap is $899.65B (-0.25%)
🙏After rising for a third consecutive day, BTC recently traded at $20,400, up roughly 1% from its two-year low of under $18,000, which it hit on Saturday. Ether exchanged hands at $1100, down 1.7% from the previous day. Analysts were pessimistic about the rally’s long-term viability, citing increased volatility as a result of large investors buying recent price dips due to rising inflation and recessionary fears.
⁉️Last Friday, the world’s largest Bitcoin (BTC) spot ETF lost half of its assets under management, likely attributing to BTC’s drop on Saturday. On Friday, the Purpose Bitcoin ETF suffered a 24,510 bitcoin outflow, the largest single-day outflow worth $500 million since the fund debuted on the Canadian Stock Exchange in April 2021.
🤝Bitcoin investment firm NYDIG and professional services giant Deloitte will collaborate to help businesses of all kinds adopt digital assets into their operations. The strategic alliance allows NYDIG to extend its client base by supplying bitcoin solutions in banking, consumer loyalty, rewards programs, and employee perks to the consultancy’s customers, enhancing Deloitte’s digital asset capabilities.
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.
