Bitcoin Mining Difficulty Plummets Amid SpaceX IPO Frenzy

The Bitcoin mining difficulty decreased by 10.09% to 124.93 T, according to recent data from WEEX.

This development comes amidst other market trends and events, including the SpaceX IPO's impact on cryptocurrency markets. Experts believe the short-term effect of the IPO is 'capital competition' for the crypto market, while it leans towards 'narrative endorsement' in the medium to long term.

The Bitcoin L2 star project Botanix announced a gradual shutdown due to severe challenges from its failing business model and prevailing trends. Users are urged to withdraw all assets before July 9, 2026.