CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English
Country • Select Country
    Entity • The products and services listed on this website are not available to US residents.
    English العَرَبِيَّة Deutsch ελληνικά Español Français Italiano Magyar Nederlands Polski Română Русский 简体中文 繁體中文

    Crypto prices storm back after taking hits

    By Monte Stewart


    Updated

    Polkadot digital coin
    Crypto prices stormed back Tuesday after taking hard hits in recent days - Photo: Shutterstock

    Polygon, Polkadot and Terra led the way as cryptocurrency prices stormed back Tuesday after taking hard hits in recent days.

    The three rally leaders were all up more than 10%, according to Market Cap. Polygon rose more than 12% at one point, while Polkadot and Terra gains exceeded 11% and 10%, respectively.

    Bitcoin rises more than 3%

    On Tuesday, Bitcoin rose more than 3% while approaching $52,000 (£39,269), before receding slightly. The world’s most valuable digital currency generated a volume of $34.9bn as 685,482 units traded.

    Ethereum and Binance, the second and third most valuable crypto assets dollar-wise, saw modest increases as their gains straddled the 1% line.

    Tether and Solana, the fourth and five-largest digital coins in terms of market capitalisation, declined marginally – as did USD coin, a stablecoin pegged to the US dollar.

    What is your sentiment on BTC/USD?

    64159.05
    Bullish
    or
    Bearish
    Vote to see Traders sentiment!

    BTC/USD

    64,159.05 Price
    -0.330% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 21:00 (UTC)
    Spread 106.00

    ETH/USD

    3,166.10 Price
    +0.780% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 21:00 (UTC)
    Spread 6.00

    XRP/USD

    0.53 Price
    -1.570% 1D Chg, %
    Long position overnight fee -0.0753%
    Short position overnight fee 0.0069%
    Overnight fee time 21:00 (UTC)
    Spread 0.01168

    DOGE/USD

    0.15 Price
    -1.030% 1D Chg, %
    Long position overnight fee -0.0753%
    Short position overnight fee 0.0069%
    Overnight fee time 21:00 (UTC)
    Spread 0.0012872

    Shiba Inu up about 2%

    Closely watched memecoin Shiba Inu, which is named after the same dog breed as Tesla CEO Elon Musk’s puppy, rose more than 2% on volume of $2bn.

    Bitcoin, Ethereum, Binance and Tether combined for $140.56bn in trading volume.

    Meanwhile, Spell generated plenty of buzz on Twitter as the meme token began trading on the Coinbase platform. Spell rose more than 41% while posting a 24-hour trading volume of $262.8m.

    The chatter circulated among self-described analysts who use aliases, instead of their actual names, for Twitter handles. One observer’s post showed a rocket blasting off.

    Read More: SentinelOne (S) reports big win in Q3 earnings

    Related topics

    #Polygon (MATIC) #Ethereum #Cryptocurrency #Bitcoin

    Rate this article

    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 Capital.com 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.

    Still looking for a broker you can trust?

    Join the 610,000+ traders worldwide that chose to trade with Capital.com

    1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading