Bitcoin mining stocks got hammered by roughly 20% in early July 2026. Bitcoin itself barely flinched.

The numbers tell a strange story

On July 7, Riot Platforms dropped 7.5% to $21.16, putting it roughly 26% below its late-June peaks. Marathon Digital Holdings fell 6% to $12.17 on the same day.

Meanwhile, Bitcoin sat at approximately $63,042, holding comfortably above its crucial support level at $58,115.

Year-to-date through early July, Bitcoin had actually declined about 29%. RIOT, by contrast, had gained around 80%. MARA was up roughly 44%.