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SGT 0815
📈 BTC | $49,259 (+$258, +0.5%)
📈 ETH | $3,383 (+$0, +0.0%)
📈 XRP | $1.04 (+$0.00, +0.2%)
📉 LTC | $168 ($0, -0.2%)
📈 Total Crypto Market Cap: $2.16T (+1.0%)
🏦 The Bank of America – USA’s second-largest bank, has initiated digital assets research coverage – citing the industry as “too large to ignore”.
🔎 The supply of Bitcoin “in profit” has sharply risen from around 76% to 87% over the last week, with short-term holders and speculators benefitting most from the current rally. Around 15.6% of the current BTC supply is held by investors who have acquired Bitcoin within the last 5 months, perhaps advising caution over the current bull market rally – lest short-term profit taking happens.
💪 Bitcoin-focused funds have now attracted strong inflows for 7 weeks straight, after over 3 months of angst in the middle of 2021. Major altcoin funds of “older” altcoins such as Binance Coin and Polkadot on the other hand, have been seeing declining interest.
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.
