Guest Post View Non-AMP

Why Is The Price Of Bitcoin Falling Yet More People Are Bullish On Its Rise?

Published by
Coinpedia

The bitcoin price has fallen from $48,000 to $43,000 in just the last week or two. We can now see on the international digital currency exchange Gate.io that bitcoin is currently trading at $43,397, down 7.8% in the last 7 days and 4.3% in the last 24 hours.The 24-hour trading volume is $32,825,803,765.

This price is quite a bit lower than the bitcoin that rose at the end of March, but now many people are predicting that the price will break 50,000 and are very excited to see where it goes from there. Why is this happening?

Bitpay Supports Payment Transactions Using Bitcoin

Bitpay, one of the world’s largest cryptocurrency payment platforms, announced on April 6 that it has first allowed bitcoin payments via the Lightning Network (LN). Pacific Sunwear, a U.S. retail apparel brand, will be the first merchant to accept Lightning Network payments using Bitpay.

The use and rise of Bitcoin’s Lightning Network payments will have an impact on the price and market circulation rate of Bitcoin. After that, perhaps more merchants will accept bitcoin as a payment currency.

The Opening of a Bitcoin Hotel

A bitcoin hotel is set to open on the coast of Portugal, which will also open a new structure for the bitcoin business model. The hostel is a homestay and gathering place where bitcoin is the only acceptable payment method.

The hostel building competition is currently underway, and a camper has already been decided. The entire project will be implemented in early 2023.

Such a new cryptocurrency business model will bring a new transformation to cryptocurrency and will move it closer to people’s lives.

MSTR Software Buys 191 Million Worth of Bitcoins

Smart software company MicroStrategy recently spent $191million on 4,167 bitcoins. The company has previously purchased a large amount of bitcoin as an investment and is very bullish on the future of bitcoin, even though it is now in a downward trend.

Besides that, many investors are making various predictions about the price trend of bitcoin. Many believe that the bitcoin price live will exceed $50,000 in the first half of 2022.

However, in addition to individual investors or corporate institutions, there are some countries such as those in the Middle East that have begun to accept or recognize cryptocurrencies as a method of payment for transactions.

Nevertheless, investments in cryptocurrencies always come with a high level of risk, so please consider carefully before investing.

Coinpedia

Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: info@coinpedia.org

Recent Posts

Avalanche Price Breaks February Low — $20.07 In Danger As ETF Delay Triggers Bears

Key Takeaways: AVAX dropped 13.49% this week to $20.07, breaking February’s low and nearing the…

May 31, 2025

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…

May 31, 2025

Ethereum Price Forecast: Pullback Sparks Bullish Sentiment and Whale Action

Story Highlights Ethereum price fell nearly 10% to $2,530 after rejecting the $2,800 resistance. Analysts…

May 31, 2025

Polkadot Price Prediction 2025, 2026 – 2030: Will DOT Price Cross $10?

Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…

May 31, 2025

Crypto’s Satoshi Nakamoto Overtakes Bill Gates as Bitcoin Hits New Highs

It's safe to say most of us did not see this coming! Bitcoin’s mysterious creator,…

May 31, 2025

Can Pakistan’s Bitcoin Mining Move Impact BTC Price? Experts Doubt It

Story Highlights Pakistan plans to allocate 2,000 MW for Bitcoin mining and create a national…

May 31, 2025