📉 BTC | $46,009 (-741, -1.6%)
📈 ETH | $3,478 (+83, +2.5%)
📈 XRP | $1.11 (+0.001, +0.1%)
📈 LTC | $180 (+4, +2.1%)
📈 Total Crypto Market Cap: $2.10T (+0.7%)
🎢 The worst of Bitcoin’s sell-offs appear to be over – for now. The token has found some support at around the $46,000 zone, after having dipped beneath the 200-Day Moving Average a few times over the last two days. Notably, Ethereum competitors are continuing to gain in price – with Solana now the 6th cryptocurrency by market cap – after rallying 900% over the last two months.
🤔 Robinhood is looking to launch a new crypto investing feature for retail investors, meant to encourage customers to invest in intervals (essentially dollar-cost averaging) as compared to large lump sums. The feature goes live today, and heavily signals the company’s continuing shift to cryptocurrencies as compared to a traditional brokerage.
🚨 NFT marketplace OpenSea saw a bug destroy at least around $100’000 worth of NFTs, with the NFTs having been sent to a “burn” address where they cannot be moved or retrieved.
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.