In the last quarter of 2024, Bitcoin (BTC) saw significant growth as it crossed $100,000 for the first time. This was driven by increased institutional adoption and optimism following Donald Trump's election victory. The surge in BTC price, along with record-breaking inflows into Bitcoin ETFs, resulted in strong earnings for miners. The mining sector expanded, with public miners adding 46 exahashes per second to their operations, bringing the total capacity to 235.8 EH/s. Total BTC production increased by 16.4% and transaction fees surged by 59.4%, leading to a 41% increase in total miner revenues. The first quarter of 2025 has started strong, but analysts warn of potential volatility due to ongoing trade tensions with Canada, Mexico, and China. However, they view any weakness in BTC or miners as a buying opportunity.



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