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SGT 0730
📈 BTC | $55,312 (+$3,973, +7.7%)
📈 ETH | $3,585 (+$78, +2.2%)
📈 XRP | $1.08 (+$0.004, +0.5%)
📈 LTC | $180 (+5, +3.0%)
📈 Total Crypto Market Cap: $2.32T (+3.9%)
🎉 Bitcoin has surged by over 25% this month already, reaching levels last seen in end-May. The token’s market cap has also been again pushed past $1 trillion dollars, a staggering rise – with Ethereum a distant second at ~$400 billion.
🐶 In another meme/social media-fuelled move, AMC Theatres (+1,690% YTD) yesterday announced a move to accept cryptocurrencies – including Dogecoin, as payment for digital gift cards. The chain is already working on accepting Bitcoin as payment for tickets, to be integrated by the end of the year.
👮 The SEC now appears to be investigating Uniswap – the world’s largest de-centralised exchange (based on the Ethereum network), with the Wall Street Journal reporting that the agency is seeking more information on the developer behind the DEX – Uniswap Labs, apparently focusing on how the company has been marketing Uniswap – among other things such as money-laundering concerns.
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.
