📉 BTC | $61,508 (-$872, -1.4%)
📉 ETH | $4,314 (-$56, -1.3%)
📈 XRP | $1.12 (+$0.03, +2.5%)
📈 LTC | $193 (+$1, +0.6%)
📉 Total Crypto Market Cap: $2.63T (-0.6%)
🎉 Cryptocurrency projects to do with the “metaverse”, NFTs, and other related functions exploded higher over the weekend, with one such project – DecentraLand, rising from $0.90 to over $4 at one point. DeCentraland itself is an Ethereum-based project (as are many “metaverse” projects), and has been open to the public (its available as a video game online) since Jan 2020.
🐋 A report from Kraken’s research arm shows that the largest Bitcoin wallets have been accumulating more BTC recently, with the number of Bitcoin whales (more than 100BTC in holdings) at 16,156 – the highest level since May.
⛽️ Average Ethereum gas (transaction) fees have spiked to over $50, after starting October at around $25. While still adrift of all-time highs at around $70 seen earlier in May, a tidal wave of interest in NFTs and DeFi has seen transactions on the network skyrocket.
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 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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What’s more? Phillip MT5 is now supported on Mac OS! To install, simply download the file below and complete a simple installation process.