Bitcoin posted strong gains in April, rising 15.7% as market sentiment turned positive following early volatility. The recovery was supported by delayed U.S. tariffs, renewed institutional interest, and tightened exchange supply. The hashrate remained volatile but resilient, while miner revenues stabilised in the second half of the month. Optimism also grew across the industry, with updated forecasts pointing to significant long-term value growth.
Bitcoin opened the month at $82,056 and experienced early volatility, rising to $88,600 on April 2 before dropping to a local low of $77,218 by April 7. The price then began a gradual recovery, reclaiming $85,903 by April 13.
After a brief pullback to $83,246 on April 16, Bitcoin resumed its upward trajectory, reaching $88,441 on April 21. Momentum accelerated sharply, with the price hitting a monthly high of $95,789 on April 25. It closed the month at $94,905, marking a 15.7% increase from the April 1 opening.
Bitcoin opened April at $82,056 and closed at $94,145, gaining 15.7% over the month. The price followed a three-phase pattern: early volatility, mid-month recovery, and strong growth in the final week.
According to Gate.io, the early dip to $77,218 on April 7 came after the U.S. announced new trade tariffs. This briefly affected investor sentiment across risk markets.
Bitcoin showed resilience, recovering after April 9 when some tariffs were delayed. Business Insider reported renewed interest from institutional investors during this period, as Bitcoin remained a preferred store of value in uncertain conditions.
The strongest gains came in the last week, with Bitcoin rising from $88,441 on April 21 to a monthly high of $95,789 on April 25. As noted by Cointelegraph, the rally was supported by anticipation around regulatory clarity and over $4.7B in Bitcoin being withdrawn from exchanges, tightening supply.
Bitcoin closed the month near its highs, reflecting continued confidence in its long-term role as a digital asset and hedge against uncertainty.
Bitcoin’s hashrate in April 2025 exhibited considerable volatility, driven by network adjustments and miners' responses to market conditions.
The month began with the hashrate at 868 EH/s on April 1. Over the next few days, activity increased, reaching 977 EH/s on April 4 and peaking at 1,035 EH/s on April 5. This upward movement continued into the second week, hitting a monthly high of 1,113 EH/s on April 13. The increase in hashrate during this period corresponded with Bitcoin’s price recovery and improving miner profitability.
However, this momentum was not sustained. On April 9, the network experienced a drop to 794 EH/s. By April 16, the hashrate had fallen further to 780 EH/s, indicating a temporary retreat of lower-efficiency miners or shifts in energy availability and cost.
The network began to stabilise mid-month. Hashrate climbed back to 975 EH/s on April 12, reached 984 EH/s on April 20, and remained strong at 976 EH/s on April 23. Favourable pricing conditions and anticipated network difficulty adjustments supported this recovery.
Towards the end of the month, the hashrate dipped again, falling to 693 EH/s on April 27 — the lowest level for the month — before recovering sharply to 962 EH/s on April 29. The late-month rebound suggests that miners responded quickly to price stability and resumed operations as profitability returned.
Overall, April closed with a hashrate near 1,000 EH/s, indicating resilient miner participation despite intermittent slowdowns. The data points to a responsive and adaptive mining ecosystem that continues to closely track prices and network conditions.
Bitcoin miner revenue in April followed a volatile but resilient trajectory, mirroring the broader market’s price recovery and fluctuating network conditions.
The month started with earnings of $36.33 million on April 1. Revenue surged to $47.38M on April 4 and remained elevated at $47.36M on April 13 — the highest levels for the month, supported by spikes in transaction fees and a bullish move in Bitcoin price.
This initial upswing was followed by a decline, with revenue falling to $33.00M on April 9 and reaching the monthly low of $32.99M on April 20. The drop corresponded with price pullbacks and temporary hashrate drops, reflecting miner sensitivity to short-term network profitability.
Mid-month saw stabilisation, with revenue climbing back to $38.27M on April 8 and $39.05M on April 11. This level was maintained through April 16 and 18, where miners earned $39.30M and $36.37M, respectively, showing relative steadiness in network rewards.
The second half of the month saw improved miner profitability, with revenue rising to $43.98M on April 22, $43.58M on April 25, and $42.21M on April 28. These gains aligned with Bitcoin’s sustained move above $90,000 and a more stable hashrate environment.
In August, the average prices in the Bitcoin mining industry (according to ASIC Miner Value) were:
Bitmain Antminer S19j Pro+ (122TH/s)= $1,907
Bitmain Antminer S19 XP Hyd (257TH/s)= $2,921
MicroBT Whatsminer M50S (128Th/s) = $1,440
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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.
