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📈 BTC | $52,694 (+829, +1.6%)
📉 ETH | $3,924 (-33, -0.8%)
📈 XRP | $1.38 (+0.06, +4.3%)
📉 LTC | $219 (-10, -4.6%)
📈Total Crypto Market Cap: $2.37T (+0.8%)
🏦 El Salvador has bought its first load of 200BTC (about $10 million) in preparation for its Bitcoin law kicks in. Bitcoin is due to become legal tender in the country, with citizens using the Lightning Network to facilitate fast, cheap transactions – mostly in small denominations.
🚨 A Golden Cross is approaching for Bitcoin, causing cheer amongst those who believe in such technical metrics. The last Golden Cross happened in May 2020 – right before an 11-month rally. However, the indicator has failed to call rallies accurately before, particularly in February 2020.
🤔 Moody’s, one of the largest credit-rating agencies in the world, is reportedly hiring crypto analysts to assess opportunities within the Decentralised-Finance (DeFi) space. Other desirable areas of expertise in potential candidates were listed as being in CBDCs, stablecoins, and NFTs.
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.
