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SGT 0800
📈 BTC | $51,483 (+$2089, +4.2%)
📈 ETH | $3,522 (+124, +3.9%)
📈 XRP | $1.08 (+$0.04, +3.6%)
📈 LTC | $174 (+$6, +3.7%)
📈 Total Crypto Market Cap: $2.23T (+3.5%)
🎉 Bitcoin rose past $50K last night for the first time in over a month, tracking a rebound in the stock market as well. Across a 10-year timeframe, Bitcoin tends to do better on average in the final (4th) quarter of the year as compared to other quarters.
⛏ Bitcoin mining difficulty has risen to end-2020 levels as well, suggesting a healthy recovery in Bitcoin miner numbers globally (Bitcoin mining difficulty rises when there are more miners).
🐋 “Very Large” (>$10 million) Bitcoin transactions have returned to their previous peaks of over $14 billion per day, after dropping below $1 billion per day in August. Some speculate that this may signal the entrance of larger, institutional investors and high net worth individuals into the crypto space again.
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.
