SGT 0815
📉 BTC | $58,810 (-$1,913, -3.2%)
📉 ETH | $3,964 (-$185, -4.5%)
📉 XRP | $1.01 (-$0.10, -9.1%)
📉 LTC | $182 (-$16, -7.9%)
📉 Total Crypto Market Cap: $2.45T (-4.2%)
🧐 Bitcoin’s short-term holders have plunged sharply in recent days, typically a sign of profit-taking amidst uncertainty of Bitcoin’s near-term price action. Analysts remain split on the near-term price movements as well, with many watching for key support levels for guidance – such as around $53,000, the breakout point for Bitcoin in mid-October.
🐶 Doge-related coins continued their wild surge against the rest of the market, with Shiba Inu coin having overtaken Dogecoin as the 10th largest cryptocurrency by market cap.
💵 A county in Miami has set up a task force to explore paying taxes with cryptocurrencies. While still a long shot, this would be a relatively major move if accepted, and would be one step towards having authorities accept cryptocurrencies as an acceptable mode of payment.
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.