📉 BTC | $57,963 (-1,268, -2.1%)
📉 ETH | $2,114 (-19, -0.9%)
📈 XRP | $1.06 (+0.17, +19.1%)
📈 LTC | $239 (+13, +5.2%)
XRP has risen above $1 for the first time in 3 years, despite the ongoing lawsuit with the SEC. Looking ahead, many are hoping for Grayscale Bitcoin Trust (world’s largest crypto fund) to re-acquire XRP for its Digital Large Cap Fund.
Retail interest seems to be spiking as the number of addresses holding small amounts of BTC is rising, while BTC whales (wallets with >1000 BTC) seem to be declining. At the same time however, several metrics such as a decline in average transaction sizes in BTC seem to suggest a tapering in institutional interest for now.
Just one week before listing, Coinbase (largest crypto exchange in the USA) has announced that their Q1 revenue for this year ($1.8B) is likely to surpass all of 2020 ($1.3B), with a +117% surge in active users.
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.