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

Disclaimer and Risk Warning

The guest posts featured on Coinpedia are contributed by external authors and reflect their personal opinions and viewpoints. Coinpedia does not endorse, verify, or take responsibility for the accuracy, legality, or reliability of the content, advice, or opinions expressed in these guest posts. Including guest posts does not imply Coinpedia's approval of the content or the author’s views. Readers are encouraged to independently evaluate the information and seek professional advice if necessary before acting on any information provided in the guest posts.

Recent Posts

Bank of North Dakota Partners With Fiserv to Unveil U.S. Dollar-Backed Stablecoin

The Bank of North Dakota has joined the stablecoin race. In close collaboration with Fiserv…

October 9, 2025

Is XRP Becoming the World’s Real-Time Settlement Network?

Analyst Jesse from Apex Crypto Consulting says XRP could play an important role in a…

October 8, 2025

Ethereum Price Faces $90 Million Liquidation After Rejection, But Bullish Sentiment Remains Strong

Ethereum price has bled hard after facing a strong rejection around the $4,700 level. In…

October 8, 2025

Analyst Says XRP Price Will Reach $100 In 2030, But This Ripple Rival Will Go From $0.015 To $150 In 2026

When a crypto analyst recently predicted that the XRP price could hit $100 by 2030,…

October 8, 2025

Zoomex Partners with MoneyGram Haas F1 to Launch “Zoomex Lap” Trading Event with a $400,000 Prize Pool

Seychelles, 8th October, 2025 - Global cryptocurrency exchange Zoomex today announced a landmark partnership with…

October 8, 2025

New Crypto Opportunities – Investing in $TAP & SHIB is Like Buying HYPE at $6 Before Hitting $59 ATH, Claim Experts

Timing has always been everything in crypto. Those who recognize momentum early often capture the…

October 8, 2025