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SGT 0815
📉 BTC | $54,758 (-$186, -0.3%)
📉 ETH | $3,421 (-$135, -5.1%)
📉 XRP | $1.13 (-$0.03, -2.5%)
📉 LTC | $174 (-$4, -2.2%)
📉 Total Crypto Market Cap: $2.26T (-2.5%)
🤔 An anonymous source interviewed by Bloomberg has fuelled rumours that the Biden administration is currently mulling an executive order on cryptocurrencies, aimed at ordering agencies to study and make recommendations on the crypto market regarding topics of national security, financial regulation, and economic innovation.
🤝 The number of cryptocurrency company M&As for 2021 (126) is now double that of 2020 – with the remainder of Q4 still to go. With an average deal size estimated to be around $629 million, many see this as a sign of a maturing industry.
🚨 The street is expecting the SEC to approve, reject, or delay as many as four Bitcoin ETFs this month, meaning that the market could technically get all 4 Bitcoin ETFs all at once – after years of delays. However, with crypto regulation still an uncertainty, realistic odds for an approval may be tilted towards regulators again choosing to delay their decision.
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.
