As of February 7, 2025, Bitcoin (BTC) is trading at approximately $99,684.15, reflecting a 7.42% decline over the past week.
In January 2025, BitFuFu Inc., a global leader in Bitcoin mining, produced 83 BTC from self-mining operations and an additional 200 BTC for cloud-mining customers. The company held a total of 1,742 BTC as of January 31, 2025. Strategic expansions include the acquisition of 2,000 S21XP miners, expected to add 0.54 EH/s of mining capacity upon activation in March 2025. Additionally, BitFuFu signed a letter of intent to acquire a 51-megawatt Bitcoin mining facility in Oklahoma, U.S., with an average power cost of $0.03/kWh.
Analyst Michaël van de Poppe suggests that Bitcoin could reach between $300,000 and $500,000 by the end of 2025, driven by institutional support and improved banking custody alternatives. He also notes that the ongoing trade war between the United States and China might benefit the Bitcoin industry, potentially leading to a significant surge in its value.
Despite recent price volatility, Bitcoin continues to gain mainstream acceptance. In December 2024, Bitcoin's price reached an all-time high of $103,332.30, with a market capitalization of approximately $1.9 trillion. This surge was influenced by U.S. President-elect Donald Trump's pro-crypto policies and BlackRock's recommendation for investors to allocate up to 2% of their portfolios to Bitcoin.
Overall, while Bitcoin's price has experience influctuations, its adoption and integration into the financial mainstream continue to grow, indicating a dynamic and evolving landscape for the cryptocurrency.
