Bitcoin Surges Past $22k Mark; Genesis Makes $1.2b Claim Against Three Arrows Capital

19 Jul 2022

📈BTC | $22,109.25 (+$933.82, +4.41%)
📈ETH | $1,527.50 (+$135.43, +9.73%)
📉XRP | $0.357966 ($-0.001571, -0.44%)
📉LTC | $56.93 ($-0.843606 -1.46%)

📈Total Crypto Market Cap: The global crypto market cap is $1.03T (+7.75%)

🥳As investor optimism grew regarding the central bank’s monetary policies and the Ethereum Merge later this summer, the crypto market resumed their late Sunday gain. Bitcoin was recently up more than 4% over the past 24 hours, trading around $22,100. BTC has been hovering around the $22k level since crypto trading platform Celsius stated it was stopping withdrawals, along with Coinbase and other digital asset companies announcing that they were cutting jobs.

👨‍⚖️Cryptocurrency broker Genesis Global Trading has made a $1.2 billion claim against the now bankrupt Three Arrows Capital. Despite being unclear of how much of Genesis’s liability belonged to the cryptocurrency broker, part of Genesis’s liabilities had been taken on by Genesis’ parent business, Digital Currency Group.

⚡️Marathon Digital (MARA), one of the leading bitcoin (BTC) miners, has secured hosting agreements with third parties that will offer a total of up to 254 megawatts of power and capacity in order to attain its targeted hashrate forecast of 23.3 exahash per second (EH/s) in 2023.


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.