27 Apr 2021: Bitcoin books full-day gain of +16% after visiting 7-week low

📈 BTC | $53,738 (+3,557, +7.1%)

📈 ETH | $2,505 (+111, +4.6%)

📈 XRP | $1.35 (+0.27, +25%)

📈 LTC | $245 (+14, +6.3%)

Jamie Dimon of JP Morgan has come full circle – the once openly anti-Bitcoin CEO will now allow clients to invest in an actively managed Bitcoin fund – a first for the industry.

Crypto mega-exchange Binance shows no sign of slowing down, as it moves ahead to list tokenised Apple, Microsoft, and Microstrategy stocks. Tokens allow investors to purchase as little as 1/100th of a stock and still receive dividends (but no voting rights).

Tesla sold around 10% of its Bitcoin holdings in the last quarter for around $272M, helping it add to the company’s gross margins.

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 allow 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.

Benefits of using Phillip MT5:

Trade at zero commission on a dynamic platform that offers low spreads. Integrated with Autochartist and Trading Central Indicators, and available on mobile, web and desktop app, you will never miss a trading opportunity with Phillip MT5.

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