MinersMarket.ca – Despite Bitcoin (BTC) experiencing a temporary dip to $91,341.25 on February 3, following tariff-related remarks from former U.S. President Donald Trump, BTC remains structurally strong. The latest Bitfinex Alphareport highlights that Bitcoin mining operations continue to thrive, despite market volatility.
Bitcoin's Market Movement & Impact on Mining
At the beginning of 2025, Bitcoin surged over 10%, hitting an all-time high of $109,590 on January 20, coinciding with Trump’s inauguration. However, the rally was short-lived, and BTC ended January at $102,470 before experiencing a downward trend in early February.
Since mid-November, Bitcoin has traded within a 15% price range, forming peaks near $108,000. Historically, similar trading ranges resolve within 80-90 days, suggesting a breakout movement could happen soon—a key opportunity for miners to maximize profitability by upgrading to the latest high-efficiency mining hardware like the Bitmain Antminer S21 XP Hyd (473Th) or Antminer L9 (17 Gh).
Bitcoin & Market Correlations – What It Means for Miners
Bitcoin’s price has closely mirrored U.S. equity market trends, reacting to macroeconomic developments like tariff increases on Canada, Mexico, and China. On January 31, the U.S. raised tariffs by 25% on North American importsand 10% on Chinese goods, causing the S&P 500 Index (SPX) to drop by 0.5%, while Bitcoin saw a sharper decline to $91,657 by February 3.
However, Bitcoin’s correlation with the SPX has strengthened, reaching a five-month high of 0.8, reinforcing BTC’s role as a tail-risk asset. Despite the dip, Bitcoin quickly rebounded above $101,631, showing strong support levels and long-term bullish momentum.
For crypto miners, this highlights the importance of staying ahead with high-performance mining rigs that can maximize efficiency and profitability during price swings.
Economic Outlook & Bitcoin Mining Strategy
Analysts predict that tariff increases could lower S&P 500 earnings by 2.8%, raise core inflation by 0.7%, and reduce U.S. GDP by 0.4%. While traditional markets adjust, Bitcoin remains a dominant asset, continuing to trade at historically high levels above key resistance.
For Bitcoin miners, this is an opportune moment to upgrade mining equipment to maximize profits before BTC’s next price breakout. At Miners Market, we offer the latest Bitcoin mining rigs, including:
🔥 Bitmain Antminer S21 XP Hyd (473Th) – One of the most powerful hydro-cooled miners on the market.
🔥 Bitmain Antminer L9 (17 Gh) – The best Dogecoin and Litecoin miner, currently generating $34 per day.
🔥 Bitmain Antminer S21 XP (270Th) – A high-efficiency BTC miner designed for long-term profitability.
Maximize Your Bitcoin Mining Profits
Despite recent fluctuations, Bitcoin mining profitability remains strong. Miners Market is committed to providing cutting-edge mining hardware and hosting solutions to help miners maximize efficiency and ROI.
➡️ Ready to scale your mining operations? Contact us today or explore our latest inventory at MinersMarket.ca.
Stay ahead of the crypto curve with Miners Market – your trusted source for top-tier mining equipment! 🚀