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Crypto news: Altcoins NEAR, FTM rally as BTC trades sideways

By Daniela Ešnerová


A cake with a bitcoin (BTC) logo.
Bitcoin (BTC) continues to trade within range – Photo: Shutterstock

Bitcoin (BTC) continues to trade within range, reaching lows of $45,835.96 and highs of $47,239.26 over the last 24 hours, according to

The cryptoking has been trading below $48,000 mark in 2022, according to It did not manage to break through the current resistance level even on 3 January – its 13th anniversary.

While the whole market lost 0.52% over the last 24 hours, some altcoins gained in price.

Near protocol (NEAR) and fantom (FTM), the 22nd and 28th biggest cryptocurrencies by market cap, grew 16.53% and 14.01% over the last 24 hours of trading.

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377.05 Price
-2.900% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50


0.12 Price
-2.060% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872


3,426.09 Price
-0.750% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00


64,735.25 Price
-0.280% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

Other crypto news:

  • Estonia denies cryptocurrency ban rumours as it looks to tighten regulation of virtual asset service providers. Estonian Minister of Finance Keit Pentus-Rosimannus issued a statement clarifying the country's position: “The rules are not applied to customers, but to virtual asset service providers who conduct activities for or on behalf of a natural or legal person as a permanent business. This means that the legislation does not contain any measures to ban customers from owning and trading virtual assets and does not in any way require customers to share their private keys to wallets. The regulation does not affect individuals who own virtual currency through a private wallet not provided by virtual asset service providers.”
  • El Salvador’s President Nayib Bukele took to Twitter to make a series of predictions for what is in store for BTC in 2022. El Salvador became the first country to adopt bitcoin (BTC) as legal tender, and Bukele is a firm proponent of the cryptocurrency. He forecast that BTC will reach $100,000 in 2022 and that "more countries will adopt it as legal tender".

Quote of the day:

Former US first lady Melania Trump, who recently launched a non-fungible token of her eyes, commemorates bitcoin's anniversary:

Round-up of coins by market capitalisation

As of 13:45 GMT:

Winners and losers

  • Near protocol (NEAR) and fantom (FTM) grew16.53% and 14.01% over the last 24 hours of trading. Furthermore, they were up 21.05% and 26.62% over the last week of trading 
  • Cardano (ADA) and sandbox (SAND) lost 10.41% and 11.30% over the last seven days of trading, making them the biggest weekly losers among the biggest virtual tokens

Read more: SOL and ADA lead weekly losses as cryptos extend fall

Markets in this article

Binance Coin / USD
579.18 USD
-2.8 -0.490%
Binance Coin / USD
579.18 USD
-2.8 -0.490%
Bitcoin / USD
64735.25 USD
-180.35 -0.280%
Ethereum / USD
3426.09 USD
-25.96 -0.750%
0.52529 USD
-0.00397 -0.760%

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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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