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📉BTC | $19,163.50 ($-73.26, -0.38%)
📈ETH | $1,068.54 (+$8.24, +0.78%)
📈XRP | $0.320477 (+$0.006265, +2.04%)
📈LTC | $50.37 (+$0.117144, +0.23%)
📈Total Crypto Market Cap: The global crypto market cap is $870.15B (+0.16% )
🥲After experiencing its largest monthly price decline since 2011 in June, Bitcoin recently traded flat at 19,160 over the previous 24 hours. Bitcoin briefly dropped below $19,000 before regaining some of its lost ground after a flurry of depressing economic data and indications on Thursday. Ether traded at $1,060, up 0.7%. Other major altcoins such as XRP and LTC increased by 2% and 0.2% respectively.
💩After weeks of rumours that it was functionally insolvent, crypto hedge firm Three Arrows Capital filed for Chapter 15 bankruptcy in the Southern District of New York late Friday. The file for bankruptcy is likely tied to a previous British Virgin Islands court ruling for Three Arrows to go into liquidation.
💰CEO of FTX Sam-Bankman Fried announced that FTX is open to buying failing cryptocurrency miners in an effort to stop a ripple effect in the sector. This comes as private and publicly traded crypto miners face margin calls and defaults after amassing debts ranging from $2 billion to $4 billion to finance the development of their enormous facilities across North America.
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.
