Bitcoin Mining Difficulty Drops 15% as US Stock Market Sees Volatility

The Bitcoin mining difficulty dropped by 15% from its January peak to 126.23 trillion, marking the second time in history that the network's difficulty has fallen year-over-year.

Last week, there was a net outflow of $62 million from U.S. spot BTC, compared to the previous week's inflow of $34 million.

The U.S. stock market experienced significant volatility last week, with a sharp mid-week sell-off followed by a massive late-week rally in response to the Federal Reserve's decision to keep interest rates unchanged and strong earnings from major cloud and tech giants.