Bitcoin Falls Over 6% to $29,000 – Leading Hotel in Dubai Now Accepts Bitcoin and Ethereum Payments

Today (June 2), the Bitcoin price fell 6.67% to $29,776.55.

Bitcoin moved into negative territory this morning after the Dow Jones Industrial Average fell 176 points on Wednesday (June 1) on concerns about the U.S. economy.

  • The Dow Jones Industrial Average fell 176.89 points, or 0.54%, to close at 32,813.23.
  • The S&P 500 fell 30.92 points, or 0.75%, to close at 4,101.23.
  • The Nasdaq fell 86.93 points, or 0.72%, to close at 11,994.46 points.

Movements in the Crypto Space

Recently, a leading hotel in Dubai announced that it accepts Bitcoin and Ethereum payments.

The Manor Hotel by JA has become the first hotel in Dubai to announce it is accepting Bitcoin and Ethereum payments, shortly after the hotel partnered with Binance. Now, its customers can use Binance Coin (BNB), Bitcoin (BTC) or Ethereum (ETH) to pay for accommodation through a payment gateway managed by Binance.

The crypto payment gateway developed by Binance will be accessible through the hotel’s website. The hotel’s official website states that it will adhere to strict security measures to protect the rights of customers and business owners alike.

The trend shows that digital assets are being integrated into various economic sectors and economies around the world.

Dubai, in particular, is participating in the creation of local businesses that use digital assets for their users to strengthen the crypto community.

Binance has not only ensured that crypto payments are compliant with security and consumer protection measures and protect the rights of business owners in Dubai, but has also worked hard to keep them safe in the Middle East.

The Spot Market is Open

Thursday, June 2, 2022

Crypto
Updated at
USD
Price

Change

%Change
11.50 BTC29,794.09-1,872.80-5.92
11.50 ETH1,815.34-140.54-7.19
11.50 LTC62.56-5.54-8.14
11.50 BNB301.27-16.97-5.34
11.50 XRP0.40-0.02-5.89
11.50 ADA0.56-0.04-6.98
11.50 DOT9.42-1.11-10.51
11.50 DOGE0.08-0.01-7.32
11.50 UNI5.08-0.63-11.11
11.50 LINK6.86-0.69-9.13

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