EN 
CN 
SGT 0840
📈 BTC | $41,757 (+$645, +1.6%)
📈 ETH | $2,873 (+$52, +1.8%)
📈 XRP | $0.93 (+$0.01, +1.6%)
📈 LTC | $145 (+$2, +1.4%)
📈 Total Crypto Market Cap: $1.85T (+2.6%)
👑 TechnoKing Elon Musk yesterday stated that governments should “do nothing” to regulate cryptocurrencies, and that it probably was not possible for cryptocurrencies to be wiped out entirely – only slowed down.
🇧🇷 Latin American crypto projects are seeing a boom in investments – $6.5 billion in the first six months of 2021, compared to $4 billion for all of 2020. Many see large potential in the Lat-Am region, given various issues with the regional currencies (such as volatility, regulations, and lack of trust in institutions).
🧐 Interest in Bitcoin-linked products appears to be tapering quite strongly for now – one Bitcoin mutual fund notably only acquired $15 million in assets after two months of operations. Correspondingly, web searches of Bitcoin and cryptocurrencies are firmly down from its April-May peaks, and have returned to end-2020 levels.
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.
