Bitcoin Showed Bullish Momentum in November, Join Rock Hash to Share Generous Bonus!

The bitcoin price is currently hovering around $67,000 and is poised to hit another record high in the near term, according to data. Who could have predicted the astonishing recovery from $30,000 to $67,000 (the growing rate reach up to 116%) in less than three months? This only explains the power of bitcoin in the crypto market and the strong fundamentals behind it.

Bitcoin price has risen more than 9 percent since the beginning of November. Given the consolidation BTC experienced the previous week, such a price increase is commendable. That boosted hopes among long-term bitcoin investors and holders, most of whom believe that the $100k price target is likely to be reached by the end of the year.

A fundamental driver that could send BTC price higher or even push it up to a new all-time high could be the launch of the bitcoin ETF, which is currently awaiting approval from the US Securities and Exchange Commission. To back the above thesis, we checked recent history, it appears that after ProShares launched its first bitcoin futures ETF, the price of bitcoin skyrocketed, hitting a new ATH of about $67k. If the BTC ETF is approved and publicly traded on the U.S. stock market, BTC can easily set its next ATH at around $75,000.

In addition, digital currency investment service Grayscale Investments is applying for its own ETF. SEC has confirmed the application on November 2 and will make the judgment within 40 days (by Dec.12). If the SEC approves the proposal, Grayscale will launch its first bitcoin ETF, which would add more credibility to the digital asset field.

The average cost of mining a bitcoin is about $5,000, instead of buying one directly, and mining earnings are rising as bitcoin price rises. Therefore, more and more institutions are becoming interested in cryptocurrency mining and want to be able to enter this market.

Before the bull market once again broke out, if you want to participate in the mining industry, to seize the mining opportunity, nothing worth the recommendation more than the Rock Hash.

Rock Hash is the world’s leading hash power trading platform, providing users around the world with one-stop integrated mining services and easy access to mining experiences. Recently, the new version of Rock Hash official website officially launched! It is available in several languages to meet the needs of users in different countries for mining investment.

Rock Hash, headquartered in Singapore, is a member of the Blockchain Association Singapore and has been running safely and steadily for 3 years. With strong capital strength, solid technical support, strong supply chain resources, providing one-stop integrated mining services for hundreds of thousands of users around the world.

Recently, Rock Hash has launched a series of promotion activities, not only giving away hashrate for free, but also distributing generous rewards, please reach out to the platform customer service for any interests.

Register on Rock Hash to start mining >>> https://www.rockhash.net/

Follow Rock Hash on Twitter >>> https://twitter.com/rockhash666