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📈BTC | $20,306.70 (+$1,190.11, +6.29%)
📈ETH | $1,157.45 (+$104.95, +9.97%)
📉XRP | $0.320859 ($-0.000816, -0.25%)
📈LTC | $52.12 (+$2.18, +4.37%)
📈Total Crypto Market Cap: The global crypto market cap is $916.32B (+5.90%)
🙌Bitcoin (BTC) narrowly eclipsed the $20,000 threshold once more. BTC increased by 6% over the last 24 hours, trading at over $20,300. Last week, BTC briefly fell below $19,000 before rebounding during a Friday rally. Ether exchanged hands at $1,150, up by 9%. Other major altcoins such as LTC rose by 4%.
🙅♀️American-Israeli cryptocurrency lender Celsius fired 150 staff amid liquidity challenges that forced it to stop accepting customer withdrawals last month. In June, Celsius risked potential insolvency which forced the firm to halt withdrawals due to “severe market conditions.” Celsius has since hired restructuring specialist to aid in its recovery.
🏦The Monetary Authority of Singapore (MAS) is in discussion about adding more restrictions on how the general public can use cryptocurrencies. The minister in charge of MAS, Tharman Shanmugaratnam, stated in parliament that the central bank may “put limits on retail involvement” and establish guidelines for the use of leverage in cryptocurrency transactions.
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.
