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Crypto market wrap: Chiliz coin takes a tumble, decred surges

By Monte Stewart


Illustration of name
Decred surged on Thursday but chiliz took a tumble following two days of strong gains. - Photo: Shutterstock

The good times ended Thursday for the chiliz coin as it took a tumble following two days of strong gains.

Contradicting relative calm in the cryptocurrency market, CHZ was down 13% as conventional markets closed in North America. (All figures based on CoinMarketCap data.)

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Coin had spiked

The decline contrasted sharply with CHZ’s performance on Tuesday when the coin spiked 24% and Wednesday when it increased 8%.

But the volatility-riddled Celsius Network coin (CEL) fared worse as it sank 17% for the second straight day.

CEL continued to plunge after Celsius sued its former money manager Jason Stone, accusing him of theft.

The coin has been prone to extreme volatility since the Celsius Network collapsed, and fellow crypto lender Voyager Digital and hedge fund operator Three Arrows Capital imploded.

All three companies filed for bankruptcy protection after being pounded by the collapses of the original luna coin and related terraUSD stablecoin.


Decred stands out

Decred stood out from the crypto crowd as it surged 13% while other gains were modest. The coin was up even more later in the afternoon, showing a 15% gain.


2,411.42 Price
-0.180% 1D Chg, %
Long position overnight fee -0.0191%
Short position overnight fee 0.0109%
Overnight fee time 21:00 (UTC)
Spread 0.60


20,336.40 Price
+0.570% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0040%
Overnight fee time 21:00 (UTC)
Spread 7.0


57,896.40 Price
+0.490% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00


3,134.11 Price
+0.480% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

AAVE was another notable gainer as it rose about 5%. But other increases were below that mark.


Ether gets above $1,700

Ether (ETH), the main coin of the Ethereum blockchain, got back above $1,700. It had remained in the $1,600 range recent days.

Ether continued to outperform bitcoin (BTC) in advance of Ethereum’s upcoming hard fork, known as the Merge.

Bitcoin fell back into the $21,000 range, where it has resided recently, after getting above $22,000 on Wednesday.


Samsung eyeing crypto exchange: reports

Electronics giant Samsung has plans to launch its own crypto exchange in 2023, according to South Korean media reports. Several media outlets reporter that South Korea-based company will launch the exchange through its Samsung Securities division.

Samsung may also mint its own cryptocurrency, the reports say. The company has already developed a crypto wallet function on its Galaxy smartphones.

Markets in this article

99.821 USD
3.906 +4.180%
Ethereum / USD
3134.11 USD
14.96 +0.480%
Chiliz / USD
0.06810 USD
0.00032 +0.490%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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