This week, Bitcoin broke through $90,000, $92,000 and $94,000, breaking away from the downward trend of several months and starting a new round of rising cycle. The market is concerned about the tense relationship between Trump and the Federal Reserve and the uncertain direction of the US dollar policy, which has driven funds into Bitcoin. At the same time, the easing of Sino-US trade relations has also boosted market sentiment. The expectation of price increases is expected to improve the costs and profitability of miners.

This week, the price of Bitcoin rebounded strongly from the previous low and remained above $82,000. Despite multiple attempts to reach the upper level, it has not been able to achieve an effective breakthrough. The bulls are trying to gently push up the market, and the overall trend is still highly subject to the influence of the macroeconomic environment. At the same time, on April 13, the total computing power of the Bitcoin network once exceeded 1000 EH/s, setting a record high. Although the network security has been improved, the current market price still puts the mining industry under great revenue pressure.

This week, driven by macro factors, the Bitcoin market fluctuated significantly, and the overall sentiment was strongly affected by external variables. In terms of mining, the current mining income is generally lower than the break-even point, and most miners are facing profit compression or even losses. Bitcoin completed a new round of difficulty adjustment at block height 891,072, with the difficulty increased by 6.81% to 121.51 T, setting a record high, further exacerbating the operating pressure of miners.

This week, the Bitcoin market was affected by Trump's latest tariff policy, and the market rose first and then fell. Analysts predict that if it enters a second rebound, the base price of Bitcoin may rise to around $110,000. In the current market environment, miners' profit margins are facing significant squeeze. In addition, the mining difficulty of the Bitcoin network is expected to usher in a new round of increases in about 1 day.

This week, the price of Bitcoin rebounded to over $86,800, and the market activity increased significantly. However, the threat of tariffs has dragged down the US stock market and the Bitcoin market, bringing new uncertainties. In March, due to the dual impact of the increase in mining difficulty and the volatility of Bitcoin prices, the overall income of Bitcoin miners declined. Currently, the profitability of Bitcoin mining is at a critical juncture.

This week, as panic gradually subsided, market confidence has recovered and investors' willingness to buy at the bottom has increased significantly. Former President Trump promised to make the United States a Bitcoin superpower, which made the market full of expectations for the future. However, despite the recovery in market sentiment, the economics of mining still face challenges, with rising costs and compressed profit margins for miners. The market is waiting for a key trigger point that may determine the next direction of the Bitcoin market.

This week, the legislative discussion on Bitcoin reserves entered a fierce stage, with various political forces participating in it, showing different positions and views. At the same time, the difficulty of Bitcoin mining is close to a historical high, reflecting that the operating environment of miners is becoming more severe. As for the price of Bitcoin, the overall trend is still unclear, and the market remains in a range-bound state. In the short term, it is necessary to further observe the direction of the breakthrough.

This week, market news such as Trump's statement on cryptocurrency and the signing of an executive order to establish a strategic Bitcoin reserve have had an impact on Bitcoin price fluctuations, and the market has shown a high sensitivity to macro news. At the same time, the decline in Bitcoin prices and the increase in mining costs have put pressure on miners' income, intensified competition in computing power, and faced new challenges to the mining ecosystem.

This article analyzes in detail the price trend, technical analysis, capital flow and hash rate changes of the Bitcoin market from February 24 to March 2, 2025, and explores the impact of factors such as global macroeconomic policies and miners' income on the market. In addition, it also discusses the shock adjustment of Bitcoin prices and changes in market sentiment, providing deep insights into future trends.

In the third week of February 2025, the Bitcoin market experienced a violent shock, with the price fluctuation range spanning from $93,487 to $99,454, with an amplitude of more than $6,000. On the mining side, the computing power share of US mining companies surged to 29%, but under the dual pressure of Bitcoin price fluctuations and rising mining costs (the mining cost of a single BTC reached $96,414), the mining industry accelerated its transformation to AI/HPC business. At the same time, institutional holdings continued to expand, and Q4 spot ETF holdings surged 212% month-on-month to $38.7 billion. However, the Bybit exchange suffered a $1.5 billion hacker attack, exposing the market's security vulnerabilities, causing Bitcoin to fall below $95,000 in the short term, and the market entered a critical long-short game period.

According to YCharts data, the total daily revenue of miners fell to $43.52 million on February 10, down 10.48% from the previous day and down 7.3% year-on-year. Due to the increase in mining difficulty and rising energy costs, miners' profit margins have been compressed. In addition, the average transaction confirmation time of the Bitcoin network has reached 19 minutes, a record high, mainly affected by network congestion, block size restrictions and fluctuations in handling fees.

The Puell Multiple has remained above 1 since January 13, indicating that miner revenues remain relatively healthy. To avoid further miner capitulation, the Bitcoin price needs to recover and stabilize above $100,000 to ensure sustainable profitability for miners. On February 9, 2025, the Bitcoin network hashrate hit a new record, breaking through 810 EH/s to reach 818 EH/s. The Bitcoin network has completed a new round of difficulty adjustments, with the Bitcoin mining difficulty raised to 114.17T.

On January 27, 2025, the Bitcoin network completed a new round of difficulty adjustment at 11:22:53, and the difficulty value was reduced by 2.12% to 108.11T. Currently, the average computing power of the Bitcoin network is 806.57 EH/s, and the next Bitcoin mining difficulty is expected to rise by 1.82% on February 9, to 110.08 T.

According to the report, the main cost of Bitcoin mining in 2025 is expected to be in the range of approximately US$26,000-28,000 per Bitcoin, while the current trading price of Bitcoin is approximately US$105,000, indicating that mining activities still have considerable profit margins.

The difficulty of Bitcoin mining has been adjusted positively for the eighth consecutive time; many states in the United States have proposed Bitcoin strategic reserve bills.

U.S.-listed Bitcoin mining companies account for 25.3% of the global computing power; Bitcoin miners' share of transaction volume has recently fallen below the critical level of 5%.

The difficulty of Bitcoin mining increased by 1.16% to 109.78 T; the Bitcoin hash rate reached 1,000 EH/s; the revenue of Bitcoin miners in December reached US$1.44 billion.