Bitcoin miners flourished in the fourth quarter of 2024, when BTC rose to $ 100,000

Analysts at HC Wainwright says that the last quarter of 2024 was a positive time for BTC miners.

Bitcoin miners have seen a great growth in the second quarter of 2024 in the name of Bitcoin (BTCHe crossed $ 100,000 for the first time, driven by an increase in institutional adoption and optimism after Donald Trump’s victory in the presidential election, according to HC Wainwright analyst who talks with Crypto.News.

BTC reached its climax at $ 106,144 in mid -December before the quarter was closed by about 93400 dollars, which represents a profit of 48 % of the third quarter. In addition, in addition to breaking the record ETF Flowers, contributed to strong profits for workers.

The investment funds traded at Bitcoin Spot attracted $ 16.7 billion in the fourth quarter, or nearly four times $ 4.3 billion registered in the third quarter, which helped to pay the average BTC price to 83,432 dollars per quarter – an increase of 36.7 % over the quarter the previous.

Analysts expect that these trends will lead to a strong growth in revenue and a wider profit margin in profit reports coming for two works.

Bitcoin mining expansion

The mining sector has witnessed a remarkable expansion, as public mines added 46 Exhashes in their operations, up to the total capacity of the post to 235.8 EH/S. The average global network retail rate of 738 EH/S in Q4, an increase of 17.3 % over the Q3. As of the beginning of Q1 2025, the retail rate continues to climb, reaching 833 EH/S by February 2.

BTC and increase prices Mining Activity pushed BTC by 16.4 % quarter of a quarter to 11366 BTC, while transactions fee increased 59.4 % to 1,553 BTC. This paid 41 % of mining workers ’revenues by 41 % to $ 3.7 billion. The common market value of market workers increased by 21 % to 28 billion dollars, as miners associated with Amnesty International excel over their peers.

In the future, the first quarter of 2025 began strong, with BTC average of approximately $ 100,000 and ETF flows of $ 5.7 billion. However, analysts warn of potential fluctuations due to the ongoing American trade tensions with Canada, Mexico and China. Although the short -term uncertainty, they look at any weakness in BTC or miners as the opportunity to buy.