Bitcoin Now Accepted On Grab In The Philippines
According to a local outlet, Adobo Magazine, Grab users in the Philippines can now use Bitcoin (BTC) as a form of payment. Grab has a market value of over $22 billion. The platform also has more than 41 million users. The fact that Bitcoin (BTC) can be used on Grab is a massive milestone in the crypto community. The development sheds some light on the growing desire for crypto-based payments on service platforms.
Grab Stock Rises After Bitcoin Acceptance
According to Yahoo Finance regarding GRAB, Grab Holdings Limited saw a 0.37% rise in its stock value at market close on July 25. The stock has risen by 1.12% on the pre-market on July 28. It is possible that investors viewed the decision to accept BTC as payment as a bullish development. GRAB’s stock could see further rise over the coming days.
Bitcoin (BTC) has also experienced a rebound after its Friday correction. BTC’s price briefly fell to below $115,000. The original cryptocurrency has since reclaimed the $118,000 price level. BTC currently faces some resistance at $119,000. According to CoinGecko’s BTC data, the asset’s price has dipped 0.1% in the weekly charts and 3% in the 14-day charts. Despite the pullback, BTC is up 0.8% in the daily charts, 10.7% in the monthly charts, and 76.2% since July 2024.
Also Read: How Many Bitcoins You Need to Ditch the 9–5 Globally By 2035
BTC’s correction came after a Satoshi-era wallet offloaded 80,000 coins on the market. The move led to a rise in volatility, causing substantial price dips. The market has since made a slight recovery. BTC hit an all-time high of $122,838 earlier this month on July 14. We may see additional volatility as investors await the Federal Open Market Committee (FOMC) meeting on July 29. There is a low chance of an interest rate cut. The lack of an interest rate cut could lead to retail investors backing away from risky assets, such as cryptocurrencies.
Read More
Bitcoin Flounders, But Clings to $115K
Bitcoin Now Accepted On Grab In The Philippines
According to a local outlet, Adobo Magazine, Grab users in the Philippines can now use Bitcoin (BTC) as a form of payment. Grab has a market value of over $22 billion. The platform also has more than 41 million users. The fact that Bitcoin (BTC) can be used on Grab is a massive milestone in the crypto community. The development sheds some light on the growing desire for crypto-based payments on service platforms.
Grab Stock Rises After Bitcoin Acceptance
According to Yahoo Finance regarding GRAB, Grab Holdings Limited saw a 0.37% rise in its stock value at market close on July 25. The stock has risen by 1.12% on the pre-market on July 28. It is possible that investors viewed the decision to accept BTC as payment as a bullish development. GRAB’s stock could see further rise over the coming days.
Bitcoin (BTC) has also experienced a rebound after its Friday correction. BTC’s price briefly fell to below $115,000. The original cryptocurrency has since reclaimed the $118,000 price level. BTC currently faces some resistance at $119,000. According to CoinGecko’s BTC data, the asset’s price has dipped 0.1% in the weekly charts and 3% in the 14-day charts. Despite the pullback, BTC is up 0.8% in the daily charts, 10.7% in the monthly charts, and 76.2% since July 2024.
Also Read: How Many Bitcoins You Need to Ditch the 9–5 Globally By 2035
BTC’s correction came after a Satoshi-era wallet offloaded 80,000 coins on the market. The move led to a rise in volatility, causing substantial price dips. The market has since made a slight recovery. BTC hit an all-time high of $122,838 earlier this month on July 14. We may see additional volatility as investors await the Federal Open Market Committee (FOMC) meeting on July 29. There is a low chance of an interest rate cut. The lack of an interest rate cut could lead to retail investors backing away from risky assets, such as cryptocurrencies.
Read More