SGT 0820
📉 BTC | $47,862 (-325, -0.7%)
📉 ETH | $3,582 (-12, -0.4%)
📉 XRP | $1.09 (-0.03, -3.0%)
📉 LTC | $186 (-2.4, -1.3%)
📉 Total Crypto Market Cap: $2.17T (-1.0%)
🔎 S&P Global yesterday stated that Bitcoin adoption could stop El Salvador from receiving IMF help, and that the “risks” of Bitcoin adoption “seem to outweigh its potential benefits”, with “immediate negative implications for credit”. S&P Global maintains a “B-” rating on El Salvador, while Moody’s downgraded their rating to Caa1 (down from B3).
🤔 The number of active ETH wallet addresses has now strongly overtaken the number of active BTC wallet addresses.
🎸 Katy Perry, Steve Aoki, Nas, Jason Derulo, and many other celebrities have piled onto a $5 million funding round into Audius, a music streaming platform built on the Ethereum and Solana blockchains. With over 6 million monthly users, many are watching for this to be a successful example of a de-centralised consumer product powered by the Ethereum/Solana networks.
💵 British Fintech Revolut will be using Bitcoin to pay for its office space with WeWork in Dallas, USA, its largest office in the country. The “neobank” has been increasingly delving into cryptocurrencies, particularly for payments and remittances, and are working on getting crypto payments adopted in more locations and instances.
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.