Bitcoin Mining Difficulty Drops 15%, Ethereum ETF Sees Inflow Amid Market Volatility

The global virtual asset market showed complex trends last week, influenced by declining Bitcoin mining difficulty, high volatility in the U.S. stock market, expanding blockchain adoption, and regulatory issues.

Bitcoin mining difficulty dropped by 15% compared to its peak at the beginning of the year, while the flow of funds into U.S. spot ETFs diverged between Bitcoin and Ethereum.

The U.S. stock market was shaken by macroeconomic variables, including inflation concerns and economic slowdown signals. However, tech-heavy Nasdaq rose 1.59% for the week, while S&P 500 and Dow Jones Industrial Average closed up 1.05% and 1.04%, respectively.

Crypto.com noted that this trend was reflected in the virtual asset market as well, with rebounding large tech stocks providing a certain level of defense for digital assets.