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📉BTC | $21,094.89 ($-851.04, -3.85%)
📉ETH | $1,422.77 ($-97.68, -6.42%)
📉XRP | $0.333152 ($-0.013222, -3.61%)
📉LTC | $53.43 ($-2.63, -4.69%)
📉Total Crypto Market Cap: The global crypto market cap is $968.10B (-4.09%)
👎The price of bitcoin fell well below $22,000 for the first time in a week as investors started counting down to the 75-basis point rate hike that the U.S Fed is widely anticipated to announce this week. BTC recently traded at over $21,000, down around 3% over the previous day. Yesterday, Bitcoin started to decline as investors expressed concern about the Fed’s capacity to control inflation without sending the economy into a deep recession.
🧐The U.S Securities and Exchange Commission (SEC) is looking into crypto exchange Coinbase after reports that it allowed Americans to trade unregistered securities. Seven of the coins which were sold as securities, according to allegations made by the SEC last week in a separate insider trading lawsuit.
👨⚖️CEO of Binance Changpeng Zhao has filed a defamation lawsuit against Modern Media CL., the publisher of Bloomberg Businessweek in Hong Kong. The lawsuit stemmed from a title of a translated article in Chinese that said Zhao was the head of a “ponzi scheme.” According to Zhao, the publisher used a headline with the intention of inciting hate.
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.
