Bitcoin miners thrived in Q4 2024 as BTC surged past $100K

The last quarter of 2024 was a positive moment for BTC minors, explains HC Wainwright analysts, with potential volatility to come.

Bitcoin minors experienced significant growth in the fourth quarter of 2024 as Bitcoin (BTC) crossed $ 100,000 for the first time, driven by an increased adoption and optimism increased by the presidential pro-coil victory by Donald Trump, according to an analyst of HC Wainwright speaking with Crypto.News.

The BTC culminated at $ 106,144 in mid-December before closing the quarter at around $ 93,400, marking a gain of 48% compared to the third quarter. Prices overvoltage, coupled with record battery ETF The entries contributed to robust profits for minors.

The FNB Spot Bitcoin attracted $ 16.7 billion in the fourth quarter, almost four times the $ 4.3 billion recorded in the third quarter, which contributed to the average BTC price at $ 83,432 for the quarter , an increase of 36.7% compared to the previous quarter.

Analysts provide that these trends will lead to strong growth in income and wider beneficiary margins in the future profits of minors.

Bitcoin expansion expansion

The mining sector experienced a notable expansion, public minors adding 46 exams per second to their operations, bringing a total deployed capacity to 235.8 eh / s. The chopping rate of the global network was on average 738 EH / S in the fourth quarter, an increase of 17.3% compared to the third quarter. At the beginning of T1 2025, the hash rate continues to climb, reaching 833 EH / S by February 2.

Higher and increased BTC price mining The activity increased the total BTC production by 16.4% quarterly to 11,366 BTC, while the transaction costs jumped from 59.4% to 1,553 BTC. This led to a total turnover of 41% to $ 3.7 billion. The combined market capitalization of public minors increased by 21% to 28 billion dollars, the miners linked to AI have surpassed their peers.

For the future, the first quarter of 2025 began strong, the BTC has an average of almost $ 100,000 and ETF entries reaching $ 5.7 billion. However, analysts warn against potential volatility due to American trade tensions underway with Canada, Mexico and China. Despite short -term uncertainty, they consider any weakness in BTC or minors as an opportunity to buy.