Bullish on Bitcoin? Consider Buying These 3 Crypto Mining Stocks Under $10 By StockNews

© Reuters. Bullish on Bitcoin? Consider Buying These 3 Crypto Mining Stocks Under $10

Bitcoin hit record highs recently, and analysts expect the crypto market to remain bullish in the near term. Therefore, we think low-priced crypto mining stocks Hive (HIVE), Bitfarms (BITF), and Ebang (EBON) could continue climbing in price. Read on.With popular cryptocurrencies, including bitcoin (BTC), soaring in price over the past few months, many investors have flocked to digital assets. But even though Bitcoin happens to be the most popular digital currency globally, it has nonetheless hit some lows over the past year on investor concerns over China's ban on crypto mining and various hacks and thefts.

However, bitcoin recently hit fresh highs. Taproot, which happens to be bitcoin’s first upgrade in the last four years, is expected to make transactions more private and efficient. Furthermore, according to a Data Bridge Marketing report, the cryptocurrency mining market is expected to grow at an 11.5% rate over the next seven years.

So, if one is bullish on bitcoin’s growth prospects, we think it could be worth considering adding below-$10 crypto mining stocks Hive Blockchain Technologies Ltd. (HIVE), Bitfarms Ltd. (BITF), and Ebang International Holdings Inc. (EBON) to one portfolio.

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