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📉BTC | $19,486.88 ($-438.85, -2.20%)
📉ETH | $1,055.51 ($-33.62, -3.09%)
📉XRP | $0.313170 ($-0.000313, -0.10%)
📉LTC | $48.03 ($-0.800627, -1.64%)
📉Total Crypto Market Cap: The global crypto market cap is $871.22B (-1.89%)
💸The price of Bitcoin (BTC) fell for a fifth day in a row due to the recent flurry of negative macroeconomic news. The current winter has been described by analysts as one characterized by fear, uncertainty, and doubt. Recently, Bitcoin was trading at $19,400, down 2% over the previous day. The crypto fall dovetails the recent fall in US Stock Indices.
😫Struggling cryptocurrency lender Celsius Network is alleged to be insolvent, according to the Department of Financial Regulation (DFR) of the American state of Vermont. The DFR noted that the lender lacks the assets and liquidity to fulfil its obligations to account holders and other creditors. Since June, Celsius stopped accepting withdrawals, made employment layoffs due to its financial predicament.
🕵️♂️Several U.S.-based cryptocurrency lenders are being investigated by the California Department of Financial Protection and Innovation (DFPI) after a number of well-known lenders stopped allowing withdrawals and transfers between user accounts. The government is looking out for firms providing crypto interest-bearing accounts without disclosing risks customers face when using their platforms.
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.
