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January saw Bitcoin hit a new all-time high of $108,786 before correcting to $104,752 by month-end. Price movements were driven by Trump’s inauguration, institutional demand, and Federal Reserve policy expectations. The Crypto Fear and Greed Index rose to Extreme Greed, closing at 76.
Pantheon Mining expanded into the GCC by strategically partnering with Qareeb Data Centres to develop Bitcoin mining sites. Qareeb will secure sites, provide infrastructure, and ensure low electricity costs, optimising ROI.
Bitcoin’s hashrate fluctuated, reflecting mining activity shifts. Miner revenues remained volatile, influenced by Bitcoin’s price and transaction fees. Mining hardware prices stayed competitive, with Pantheon securing cost-efficient solutions.
“January saw Bitcoin reach a new all-time high as institutional adoption grew. With strong market sentiment, Bitcoin’s role in the global economy is becoming clearer."
-Lodewyck Berghuys, Co-Founder | CEO
Pantheon is expanding into the GCC through a strategic partnership with Qareeb Data Centres to develop Bitcoin mining sites in the Middle East. This collaboration strengthens our presence in a key growth region for digital finance.
Qareeb will secure sites, deliver fully fitted facilities, and provide engineering, security, and operational support. Their expertise in turnkey project management ensures efficient site development, while their network enables low electricity prices for optimal mining ROI.
We remain focused on identifying and developing new locations, ensuring a strong pipeline for scalable, high-performance Bitcoin mining operations.
In January 2025, Bitcoin experienced significant price movements. The month started at $94,145 and saw an early climb to $102,343 by the 6th. However, this was followed by a sharp decline, reaching $90,221 on the 13th. The market rebounded quickly, with Bitcoin hitting $105,723 on the 17th and reaching a new all-time high of $108,786 on the 20th.
Following this peak, Bitcoin retraced to $106,773 on the 23rd and $97,875 on the 27th before recovering to $104,752 by the 31st.
By January 13, Bitcoin dropped to $90,221, reflecting market caution ahead of anticipated Federal Reserve interest rate decisions. Uncertainty over monetary policy led to short-term selling pressure.
Bitcoin rebounded sharply, reaching a new all-time high of $108,786 on January 20. This recovery coincided with Trump’s inauguration and executive orders supporting digital asset adoption.
Following the peak, Bitcoin corrected to $106,773 by January 23 before dipping to $97,875 on January 27. The decline was influenced by a broader tech selloff triggered by Chinese AI firm DeepSeek’s announcement of an advanced AI model, which led to capital moving away from digital assets.
By the end of the month, on January 31, Bitcoin had recovered to $104,752, reflecting resilient investor confidence and sustained interest in the market despite ongoing volatility.
The Crypto Fear and Greed Index for January 2025 increased from Greed to Extreme Greed, ending the month at 76. This marked a rise from 66 last month, with a peak of 76 on the final day of January.
In January 2025, Bitcoin’s hashrate exhibited notable fluctuations, reflecting changes in mining activity and network conditions. The month opened at 676 EH/s on the 1st before surging to 985 EH/s by the 3rd. This peak was followed by a decline to 866 EH/s on the 4th and a rebound to 912 EH/s on the 6th.
Mid-month volatility was evident, with the hashrate dropping to 655 EH/s on the 8th before recovering to 917 EH/s on the 10th. The highest recorded value of this period was 973 EH/s on the 12th, followed by fluctuations around 866 EH/s on the 14th and 657 EH/s on the 17th.
The month's latter half saw continued movement, with 868 EH/s recorded on the 19th before falling to 819 EH/s on the 21st. The hashrate climbed to 920 EH/s on the 23rd but dropped sharply to 688 EH/s by the 25th. A recovery followed, reaching 873 EH/s on the 27th before closing the month at 757 EH/s on the 31st.
In January 2025, Bitcoin miners' revenue fluctuated significantly, reflecting market activity and transaction volume. The month began at $50,856,759 on the 2nd and dropped to $43,774,428 on the 3rd. By the 5th, revenue climbed to $49,028,390 but fell again to $43,399,566 on the 7th. A modest recovery followed, with revenue reaching $45,131,715 on the 9th.
Mid-month revenue peaked at $51,325,373 on the 12th before stabilising at $49,088,495 on the 17th. It then reached a high of $52,231,151 on the 20th. On the 22nd, revenue stood at $49,976,591, but by the 24th, it had declined to $46,593,684.
At the end of the month, miners’ revenue rebounded to $49,678,699 on the 27th before settling at $48,159,480 on the 30th. These shifts highlight the dynamic nature of mining profitability, influenced by transaction fees and block rewards.
In August, the average prices in the Bitcoin mining industry (according to ASIC Miner Value) were:
Bitmain Antminer S19j Pro+ (122TH/s)= $2,329
Bitmain Antminer S19 XP Hyd (257TH/s)= $4,868
MicroBT Whatsminer M50S (126Th/s) = $1,758
The contents of this analysis are for informational purposes only and do not constitute investment advice. The study is based on the author's opinions and assumptions and may not reflect the actual state of the market or the future outcomes of any investment. The author is not a financial advisor and assumes no responsibility for the information's accuracy, completeness, or suitability.
Bitcoin investments are subject to high risks and volatility. The prices can fluctuate significantly due to factors such as supply and demand, regulatory actions, technological innovations, security breaches, hacking attacks, market sentiment, and global events.
Investors should be aware of these risks and conduct their diligence before making investment decisions.
