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SGT 0815
📈 BTC | $65,774 (+$1,571, +2.5%)
📈 ETH | $4,149 (+$261, +6.7%)
📈 XRP | $1.14 ($0.04, +4.3%)
📈 LTC | $207 (+$18, +9.8%)
📈 Total Crypto Market Cap: $2.64T (+4.0%)
🔎 Bitcoin surged by $2,500 to as high as $66,900 within two hours of trading last night, decisively smashing the last all-time high. While having pared gains since then, Bitcoin has nonetheless made around +15% gains within the past 7 days
🧐 Options traders seem to now be betting on positive developments within the Ethereum space, with some buying March 2022 OTM options as high as $15,000. Besides a possible Ethereum futures ETF, Ethereum is due for its first mainnet upgrade to the 2.0 Beacon Chain this month – the Altair upgrade, due to activate on the 27th of October.
🤝 The Chicago Board of Exchange (CBOE) announced plans to acquired ErisX, a cryptocurrency spot and derivatives exchange. CBOE first dabbled in cryptocurrencies in Dec 2017 when it launched Bitcoin futures, but quickly shut that product down in June 2019.
🚨 VanEck’s Bitcoin futures ETF looks the most likely to list after ProShare’s $BITO earlier this week. VanEck’s Bitcoin Strategy ETF would be listed under $XBTF, and will begin trading on the 25th at earliest.
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.
